Stockpiling obligation

According to Article 24.1 of the Act of 16 February 2007 (as further amended) “on stocks of crude oil, petroleum products and natural gas, the principles of proceeding in circumstances of a threat to the fuel security of the State and disruption on the petroleum market”, an energy company engaged in business activity in respect foreign trade in natural gas, and an importer of natural gas, are obliged to maintain mandatory stocks of natural gas at the level established in accordance with the principles set forth in the Act. The mandatory stocks of natural gas are maintained in storage facilities which offer sufficient technical parameters to ensure the possibility of delivering their entire volume to the gas system within up to 50 days. In case of the mobilisation of the mandatory stocks of natural gas, such stocks should be replenished to the level established according to Article 25.2 or 25.5 within 4 months counting from the last day of the month in which the stock were mobilised. In particular cases the above time period may be extended up to 8 months.

Pursuant to the requirements of Energy Law of 10 April 1997 (as amended), Storage Facility means a facility used for storing gaseous fuel, including underground natural gas storage and line-pack capacity, owned or operated by an energy undertaking, including a part of liquefied natural gas facility used for gas storage, but excluding that part of the facility which is used for production operations and the facilities used exclusively for the performance of the TSO’s own duties

The principles concerning the creation and maintenance of mandatory stocks in a given Storage Year in the Storage Facilities operated by GSP are published in the section titled: Storage Services Transparency Template/Products and Services/Mandatory Stocks.