Gas Storage Poland Sp. z o. o.
Gas Storage Poland Sp. z o. o. (GSP) core field of activity is performing tasks of a storage system operator. The company provides volumes and capacities of storage facilities that meet the needs of the gas storage market participants, at the same enabling the optimal use of these facilities.
Gas Storage Poland sp. z o.o. is particularly responsible for the following tasks:
- providing safety of storage facilities operation and the execution of contracts with users of these facilities
- ensuring the operation, maintenance and repair of storage facilities and devices in a such a way that guarantees the reliability of their functioning
- ensuring long-term ability of storage facilities in order to meet reasonable demands for gaseous fuels storage, as well as development of storage facilities
- managing capacity of storage facilities
- providing storage services required for the accurate operation of a gas system
- managing gaseous fuels flow directed to and received from storage facilities and maintaining the quality parameters of these fuels
- providing users of the system and operators of other systems with the information regarding terms and conditions of rendering gaseous fuel storage services, including cooperation with interconnected gas systems
- cooperation with other gas system operators or energy companies to ensure reliable and efficient operation of gas systems and to coordinate their development
GSP also deals with the design and construction of underground gas storage facilities in rock salt deposits.
Authorities
Supervisory Board:
Sławomir Hinc
Chairman of the Supervisory Board
Adam Bryszewski
Member of the Supervisory Board
Elżbieta Rzepnicka
Member of the Supervisory Board
Registered holders of a general commercial power of attorney of the Management Board:
Arleta Olejniczak
In Gas Storage Poland sp. z o.o. she is the Director of the Finance Department.
Katarzyna Staręga
In Gas Storage Poland sp. z o.o. she is the Director of the Commercial Department.
History
Gas Storage Poland Sp. z o.o. (GSP) is a 100% subsidiary of Gas Transmission System Operator GAZ-SYSTEM S.A. based in Warsaw (GAZ-SYSTEM S.A.).
The company was established in 2010 in order to allow PGNiG S.A. (currently ORLEN S.A.) to adapt a business structure for gas storage to the independence requirements of storage system operators referred to in the Directive of the European Parliament and of the Council 2009/73/EC of 13 July 2009 concerning common rules for the internal market in natural gas (Directive 2009/73/EC).
The Company has acted as a storage system operator since June 1st, 2012. The activity of a storage system operator is conducted on the basis of relevant administrative decisions – i.e. the decision of the President of the Energy Regulatory Office (Urząd Regulacji Energetyki) of May 16th, 2012 (as amended) on granting a license to OSM for storage of gaseous fuel in storage facilities for the period from June 1st, 2012 to May 31st, 2022 (the License) and the decision of May 22nd, 2012 (as amended) on the appointment of the Company to perform a function of a storage system operator for the period from June 1st, 2012 to May 31st, 2022 (the Operator's decision). The concession includes the following Underground Gas Storages (UGS): UGS Husów, UGS Wierzchowice, UGS Strachocina, UGS Swarzów, UGS Brzeźnica, CUGS Mogilno and CUGS Kosakowo.
On May 30, 2022, the President of the Energy Regulatory Office issued a decision on changing the term of the License and the Operator's decision. Expiring on May 31, 2022., the validity of the above-mentioned decisions have been extended
On July 1st, 2013, the merger of GSP and Investgas S.A. occurred. Pursuant to art. 492 paragraph 1 point 1 of the Commercial Companies Code it was a merger by acquisition, in which GSP was the acquiring company. After the merger, GSP is also active in the field of design and construction of underground gas storage facilities in salt deposits and offers a wide range of services related to the gas industry, fuel and energy, as well as the construction industry.
On October 4th, 2016, Operator Systemu Magazynowania Sp. z o.o. (OSM) changed its name to Gas Storage Poland sp. z o.o. (GSP).
After conducting antitrust proceedings, the President of the Office of Competition and Consumer Protection (President) by decision DKK-134/2024 dated June 20, 2024, consented to the concentration, which consists of the takeover by the GAZ-SYSTEM S.A.) of control over GSP. Obtaining the above consent from the President was the last suspensive condition of the SPA agreement concluded on March 14, 2024 – the agreement for the sale by ORLEN S.A. of 100% of shares in the share capital of GSP in favor of GAZ-SYSTEM S.A. On June 28, 2024, the parties to the transaction, pursuant to Art. 187 § 1 of the Commercial Companies Code, notified GSP about the transfer of 100% of GSP shares to GAZ-SYSTEM S.A. Currently, the sole shareholder of GSP is GAZ-SYSTEM S.A.
Source: GK PGNiGThe Compliance Programme
On 25 March 2013 Gas Storage Poland sp. z o.o. with its registered office in Dębogórze (the “Operator”) adopted and implemented "The Programme for Ensuring Non-Discriminatory Treatment of Storage Facility Users (The Compliance Programme)".
The present Compliance Programme (the “Programme”) is established in performance of the Operator’s obligation under Article 9d(4) of the Energy Law Act to develop a programme specifying the measures to be undertaken by the Operator to ensure non-discriminatory treatment of Storage Facility Users, including detailed obligations of the Operator’s employees resulting from the Programme.
The purpose of this Programme is to ensure equal and non-discriminatory treatment of Storage Facility Users and potential Storage Facility Users so that they are all treated in the same way by the Operator.
The Compliance Program has been revised over the years. The most recent change results from the approval by the decision of the President of the Energy Regulatory Office (the “ERO President”) of the Storage Code, which, as of November 6, 2023, at 06:00 replaced the Storage Service Rules. The revised Programme has been approved by the ERO President by decision no. DRR.WRD.743.1.2024.KKu dated February 22, 2024, which became binding on March 9, 2024.
- Compliance Programme - The programme for ensuring non-discriminatory treatment of Storage Facility Users
- Decision of the President of the Energy Regulatory Office of February 22, 2024
In order to, among others, monitoring compliance with the provisions of the Programme, the Company's Management Board appointed an attorney-at-law - Ms. Magdalena Nowak-Karpińska - as the Compliance Inspector, who also provides information on the Programme issues.
Contact:
Compliance Officer
Magdalena Nowak-Karpińska
Attorney-at-law
Anti-corruption Policy
The overriding principle of Gas Storage Poland sp. z o.o. is to act in a responsible and ethical manner. Gas Storage Poland sp. z o.o. has a reputation for integrity both in its management practices and in its relations with counterparties and customers. The Company cares for continuous improvement of ethical standards in its operations. For this purpose, a Policy defining the guidelines in the area of counteracting corruption and fraud has been introduced.
Furthermore, the Company introduced Anti-corruption and gift procedure of Gas Storage Poland sp. z o.o. which is the executive act to the Policy adjusted to the framework of operations and organizational structure of Gas Storage Poland sp. z o.o.
Integrated Quality Management System
