Gaz-System confirms: MOL and BW LNG remain in the fight for the FSRU -
Gaz-System confirms: MOL and BW LNG remain in the fight for the FSRU
Date of publication: 19.12.2023
Gaz-System officially announced that agreements have been concluded with Mitsui O.S.K. Lines and BW LNG – two shipowners whose offers are still in play in the tender for the construction of the first Polish FSRU gas terminal.

The Government Plenipotentiary for Strategic Energy Infrastructure, Anna Trzeciakowska-Łukaszewska, announced that Gaz-System had signed an agreement with shipowners on the X (Twitter) website, but did not provide details of the agreement. In a later announcement, the company clarified that the so-called agreements had been signed. Term Sheet Mitsui O.S.K. Lines and BW LNG. Just yesterday, the TradeWinds portal reported that, according to unofficial information, only the Norwegian BW LNG remained on the battlefield.

Gaz-System notes that the tender procedure is ongoing and the winner will be selected from among the two companies mentioned.

Signing of the Term Sheet with Mitsui O.S.K. Lines and BW LNG have completed the first stage of the tender procedure. The documents regulate the most important terms of the future charter agreement, such as the ship's delivery date, the obligations of the parties, the consequences of delay in delivery, and the charter period. The provisions contained in the Term Sheet do not constitute binding obligations of the parties, however, they define a "road map" for further negotiations of the charter agreement and will be substantially reflected in the target charter agreement (Time Charter Party), which Gaz-System plans to conclude for a period of 15 years with one of the these entities.

BW LNG is a wholly owned subsidiary of BW Group, a leading maritime company with a fleet of over 490 oil and gas vessels, of which 33 are LNG and FSRU carriers. Japanese Mitsui O.S.K. Lines operates 111 LNG vessels, including the world's largest FSRU called Bauhinia Spirit.

Gaz-System ultimately plans to locate two floating FSRU gas terminals in the Bay of Gdańsk. The first of them is to have a capacity of approximately 6.1 billion m3 of gas per year, while the second - 4.5 billion m3. Orlen reserved the entire capacity of the first FSRU for its own needs. The final decision regarding the terminal supplier is expected to be made later this year. Delivery of the first FSRU is planned for the turn of 2027 and 2028.

The FSRU program also includes other investments necessary to launch the FSRU Terminal in the Bay of Gdańsk. In addition to the FSRU unit, it is necessary to build maritime and land infrastructure. The maritime infrastructure consists primarily of a mooring platform and an undersea gas pipeline, for which Gaz-System is responsible. Additionally, it is necessary to build a protective breakwater, which is the responsibility of the Maritime Office in Gdynia. The entire planned maritime infrastructure, including the FSRU unit, will be located approximately 3 km from the shore. The mooring platform for the FSRU ship together with the protective breakwater will be located near the existing approach track to the Port and in its area. The connection via an undersea gas pipeline will enable the transmission of gas to the National Transmission Network. An important element of the entire investment project is the expansion of onshore gas pipelines. As part of the investment, approximately 250 km of transmission network will be built, which will enable effective distribution of gas from the Gdańsk region to central Poland. The expected date of commencement of works is the fourth quarter of 2024, but no later than the first quarter of 2025.

The commissioning of the entire investment, which has the status of a "Project of Community Importance" with financial support from the European Commission for pre-investment works for the maritime part of the project, is planned for 2027/2028.

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