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MOL unit announces new deadline for gas line capacity bids

Gas providers have until October 6 to bid for long-term contracts to use a gas pipeline between Hungary and Romania that Hungarian oil and gas company MOL is building with Romanian peer Transgaz, MOL gas transmission unit FGSz said on Friday. The pipeline is scheduled to be completed in 2010.

Bids will be evaluated by October 13, FGSz spokeswoman Edina Lakatos said.

Bids may be submitted for capacity up to 180,000 cubic metres per hour, or 90pc of total capacity, for a pilot period of half a year from January 2010, and for a 20-year period between July 1, 2010 and 2030.

Bidders must pay a deposit equivalent to 20% of the annual gas transportation fee, but no more than Ft 100 million.

FGSz and Transgaz agreed to build a pipeline between Szeged, in Hungary, and Arad, Romania, early this year. Under the agreement, FGSz will build and pay for the section of the pipeline in Hungary and Transgaz the section in Romania. Both companies will cover the cost with their own resources.

The pipeline section in Romania is 61.7 kilometers. The section in Hungary will be 47 kilometers and cost about Ft 9 billion to build, MOL said in July. (MTI – Econews)