Wednesday, October 5, 2022

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GAZ-SYSTEM and TRANSGAZ to cooperate on the security of natural gas supplies

Poland’s natural gas Transmission System Operator (TSO) GAZ-SYSTEM signed a Memorandum of Understanding (MoU) with TRANSGAZ, the Romanian gas TSO.

By signing on the Memorandum, both Parties are confirming their intention and commitment to take all actions to lay the foundation of a cooperation relationship and to identify opportunities to substantiate new lines of support.

The Memorandum supports cooperation between the Parties aimed at developing a unified approach towards implementation of strategic EU priorities in the field of security of natural gas supplies, market integration and sustainable development, in particular in relation to the EU Green Deal. Within the framework of the Memorandum, the Parties agreed to cooperate closely on the activities undertaken on the regional and EU level.

The Parties shall strive to ensure that the energy transition is implemented in both a fair and cost-effective manner allowing to achieve diversified and well-integrated energy market in the CEE and SEE region. The Parties are committed to strengthening the cooperation with regard to the natural gas and LNG markets, as these energy carriers will play a crucial role in the decarbonisation process in both Poland and Romania. Moreover, the companies shall also explore the potential for cooperation within the area of new gases and hydrogen, which will have a crucial impact on further functioning and development of national transmission systems in both countries.

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