ON 21 DECEMBER 2018 BULGARTRANSSGAZ EAD LAUNCHED BINDING PHASE 3 OF THE OPEN SEASON PROCEDURE

We inform stakeholders that on December 21, 2018, Bulgartransgaz EAD launched the binding Phase 3 of the Open Season procedure of Project for expansion and development of Bulgartransgaz EAD gas transmission system.

In the period July 21 - August 21, 2017, Phase 1 of the procedure was conducted (non-binding forecasts for incremental capacity demand to/from the neighbouring market areas), and in the period March 27 - April 27, 2018 Phase 2 of the procedure took place (non-binding requests for incremental capacity). As a result of the conducted non-binding phases and the pre-feasibility studies, the necessity of development and expansion of the gas transmission infrastructure was identified and determined.

On December 21, 2018, the draft documentation of Phase 3 of the Open Season procedure was approved by the Energy and Water Regulatory Commission by Decision No Д-1/21.12.2018 and will take place within December 21, 2018 - January 31, 2019. In that procedure, the participants shall submit binding requests for incremental capacities and, in case of a successful procedure (a positive result of the Economic test on the feasibility of the potential project), shall sign binding Transport contracts.

The documentation approved by the EWRC, as well as all notifications and documents in the course of the procedure, can be found HERE

If you need any further information about the procedure, you may contact us at: info@bulgartransgaz.bg