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FGSZ reaches agreement with Ukraine's GTSOU

Energy Trade

Hungarian gas transmission system operator FGSZ yesterday said it reached an agreement with the Gas Transmission System Operator of Ukraine (GTSOU) to extend the pilot period for offering firm capacity in the direction of Ukraine until the end of September, according to portfolio.hu.

FGSZ reached an agreement with GTSOU in December on offering firm capacity in the direction of Ukraine for the first quarter of 2022. The maximum value of firm capacity is 3,532,015 kWh/h.

The extension of the pilot period will give gas traders on the Austrian, Slovak, Croatian and Hungarian markets access to the Ukrainian market under more favorable terms, FGSZ said, adding that Ukraine would be able to import more gas from Hungary after the winter period ends.

The first auction for the firm capacities for the remainder of the 2021/2022 gas year will take place on Feb. 7. The unsold capacities will be offered first as monthly, then as daily and within-day products.

"FGSZ and its Ukrainian partner will further work on extending the availability of long-term firm capacities in the HU>UA direction," FGSZ said.

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