Early Registration Process for the Auctions to be Announced for Storage Year 2025/2026 by Hungarian Gas Storage Ltd.
Hungarian Gas Storage Ltd. (hereinafter referred to as MFGT) offers the opportunity of early registration in relation to the capacity auctions to be announced for storage year 2025/2026 in order to facilitate participation in the auctions.
The first step of participating in capacity auctions of MFGT is indicating the intent to participate via the Registration Process during which the company intending to participate shall send the required documents to the Auctioneer.
At the capacity auctions, bids can be made by only those capacity bidders that are eligible for storage access, and whose documents submitted during the Registration Process were accepted.
In as far as the documents to be submitted as listed below are submitted to and accepted by MFGT, no further registration is required during the storage year 2025/2026, unless the documents change.
Documents required for registration:
- Original certificate of incorporation not older than 30 days in case of business organisations registered in Hungary and abroad, and in case of business organisations registered abroad, its translated copy in Hungarian or in English (certified translation is not required, in case of companies registered in Hungary, the online version by the Hungarian Ministry of Justice is also accepted – http://www.e-cegjegyzek.hu/).
- Original copy of the “IT Platform (SMCS) Registration Datasheet and Power of Attorney” (Annex No. 5.3 of the MFGT Code of Business Conduct: Storage Capacity Auction Regulation II/B, Annex No. 1) (Annex No. 3.)
- In case of business organisations registered in Hungary: copy of the specimen signature(s) or sample signature(s) countersigned by an attorney-at-law of the authorised signatory (signatories) signing the Power of Attorney.
- In case of business organisations registered abroad:
• copy and translated English or Hungarian copy of the specimen signature(s) or sample signature(s) countersigned by an attorney-at-law of the authorised signatory (signatories) signing the “IT Platform (SMCS) Registration Datasheet and Power of Attorney”;
• or the original copy of their sample signature signed in manuscript in the presence of two witnesses (Annex No. 4), and a copy of the signed side of a personal document belonging to the signatories (by mail or e-mail).
Our Company accepts the use of electronic signature if it complies with Article 3 12 of Regulation (EU) No 910/2014 as qualified electronic signature.
Where the IT Platform (SMCS) Registration Datasheet and Power of Attorney is signed using qualified electronic signature, the submission of specimen signatures/sample signatures is not required.
Where following the Registration Process, there is any change within the relevant storage year in the content of any of the above specified documents or with regard to the attorney(s)-in-fact, Bidder shall immediately send the affected and updated document to the Auctioneer, failing which Bidder may be disqualified from the auction process. Participant shall be liable for any direct or indirect damage arising from the failure to submit the updated documents, vis-a-vis the Auctioneer and to third parties.
Registrants will be informed by MFGT in writing on the result of the registration process.
Further registrations can be made at any time by submitting the above specified documents, however MFGT shall not be liable for any damage arising from the late submission of registration documents.
Should you have any further questions or require information in relation to the auction, please consult the designated contact person of MFGT: Dóra Tóth (Phone: +36 20 236 1972, e-mail: tothd@mfgt.hu), senior sales specialist.
Budapest, 31 March 2025
1. Storage Capacity Auction Regulation II/B
2. Electronic Auction System Guide
3. IT Platform (SMCS) Registration Datasheet and Power of Attorney