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MFGT Daily Peak Plus Natural Gas Injection Service Offer

For the sake of smooth natural gas supply in winter, Hungarian Gas Storage Ltd extends the injection period originally ending on 1st October by one month, until 6:00 on 1st November 2015, based on coordination with the Hungarian Energy and Public Utility Regulatory Authority.

 

Having regard to the above, Hungarian Gas Storage Ltd (MFGT) issues today a call for tenders for booking available, firm, daily  injection peak storage capacities for the storage year 2015/2016 from 26th September until 1st November this year. MFGT considers this present capacities offer as a one-time offer and does not guarantee that capacities will also be offered under the same terms and conditions in the future.
 
Offered Capacities
 
MFGT offers injection peak capacities with the following parameters:
 
1.      The following peak capacity can be booked from 26th September until 1st November in the storage year 2015/2016:
injection peak capacity: 273 600 000 MJ / day
2.      Fee of capacities offered:
injection peak capacity: HUF 0.1 + VAT/ MJ / day, excluding volume fees (HUF 0.325/kWh/day +VAT excluding volume fees)
 
This service is available to System Users with Natural Gas Storage Contract for the storage year 2015/16.
 
The technical and commercial terms of using storage services are specified by the contract concluded upon this offer and by the MFGT Code of Business Conduct.
 
Evaluation of capacity requests
 
MFGT shall fulfill the Bidders’ capacity booking requests on a first-come, first-served basis.
This capacity offer shall by no means be deemed as a contractual commitment by MFGT towards any Bidder, and MFGT explicitly reserves the right to declare the capacity booking procedure unsuccessful within its own scope of competence.

Contracting, Terms and Conditions of Contract
 
Bidder shall undertake to conclude an additional contract (framework contract) as a system user with MFGT on booking daily injection peak capacities in case of an accepted injection peak capacity request.
 
The amount of Daily Peak Plus injection peak capacities booked by the System User shall depend on capacity bookings submitted by the System User – and confirmed by MFGT. If the System User’s request is confirmed by MFGT, a specific contract on using Daily Peak Plus injection peak capacities is concluded by and between the parties for that given day.
The basis of settlement shall be the amount of capacity confirmed.
 
Payment and guarantee conditions, along with the financial guarantees shall be determined according to the Code of Business Conduct of MFGT and the agreement between the parties.
 
Procedure for submitting capacity requests
 
The System User can nominate its booking request towards MFGT for the relevant gas days also by email. In order to use Daily Peak Plus injection peak capacities, System User shall submit to MFGT its additional injection capacity request until 16:00 hours on the preceding gas day. Only the contact person(s) specified in the contract shall be entitled to make nominations in connection with the Daily Peak Plus injection peak capacity product. MFGT shall confirm it to the System User until 17:00 hours if the Daily Peak Plus injection peak capacities are available in the required quantity.
 
Following the reference month, MFGT shall issue the invoice based on capacity requests submitted by the System User and confirmed by MFGT. The total sum of volume fees shall be invoiced pursuant to the Tariff Decree, each month upon the actual monthly volume turnover.
 
Requests shall be submitted to MFGT according to the following:
e-mail (to all three addresses):         csabam@mfgt.hu, molnarnet@mfgt.hu, meggyesb@mfgt.hu
fax: +36 1 354 7045 or
by mail: Hungarian Gas Storage Ltd. 1051 Budapest, Széchenyi István tér 7/8.
 
MFGT Daily Peak Plus Contract_2015-16_October_31_english.pdf