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Early Registration Process for the Auctions to be Announced in Storage Year 2017/2018

Hungarian Gas Storage Ltd (hereinafter referred to as MFGT) offers the opportunity of early registration in relation to the capacity auctions to be announced in storage year 2017/2018 in order to facilitate participation in the auctions.

 

The first step of participating in capacity auctions of MFGT is indicating the intent to participate via the Registration Process during which the company intending to participate shall send the required documents to the Auctioneer.
At the capacity auctions, bids can be made by only those capacity bidders that are eligible for storage access, and whose documents submitted during the Registration Process were accepted.
 
In as far as the documents to be submitted as listed below are submitted to and accepted by MFGT, no further registration is required during the storage year 2017/2018, unless the documents change.
 
Documents to be submitted:
- Original certificate of incorporation not older than 30 days in case of business organizations registered in Hungary and abroad, and its translated copy in Hungarian or in English (certified translation is not required in case of companies registered in Hungary, the online version by the Hungarian Ministry of Justice is accepted http://www.e-cegjegyzek.hu/ ) in case of business organizations registered abroad.               
- In case of business organizations registered in Hungary: copy of the notarized specimen signature(s) (or sample signature(s) countersigned by an attorney-at-law) of the authorised signatory (signatories) signing the bid.
- In case of business organizations registered abroad: copy and translated English or Hungarian copy of the notarized specimen signature(s) (or sample signature(s) countersigned by an attorney-at-law) of the authorized signatory (signatories) signing the bid; or the original copy and translated English or Hungarian copy of their sample signature signed in manuscript in the presence of two witnesses, and in the latter case: a Hungarian or English copy of the signed side of a personal document belonging to the signatory (by mail or e-mail).
- Furthermore, in the event that said documents are signed by an attorney-in-fact, a copy of the signed side of a personal document belonging to the attorney-in-fact is also required, in compliance with the above rules applicable to the authorised signatory acting as principal. The power of attorney shall clearly indicate that the attorney-in-fact is entitled to represent the capacity bidder during the Submission of Bids.
 
Insofar as following the Registration Process, there is any change within the relevant storage year in the content of the above specified documents or with regard to the attorney(s)-in-fact, Bidder shall immediately send the affected and updated document to the Auctioneer, failing which Bidder may be disqualified from the auction process. Participant shall be liable for any direct or indirect damage arising from the failure to submit the updated documents, vis-a-vis the Auctioneer and to third parties.
Start of the Registration Process: Tuesday, 7 March 2017, 09:00.
End of the Registration Process: Thursday, 23 March 2017, 12:00.
 
Registration submitters will be informed by MFGT in writing on the result of the registration process.
Further registrations can be made at any time by submitting the above specified documents, however MFGT shall not be liable for any damage arising from the late submission of registration documents.
Should you have any further questions or require information in relation to the Registration Process, please consult: Hajnalka Horváth (Phone: +36 30-748-9971,  e-mail: horvathh@mfgt.hu), Balázs Meggyes (Phone: +36-30-718-9343, e-mail: meggyesb@mfgt.hu), and Árpád Varga Horgosi (Phone: +36-20-434-2788, e-mail: vargaa@mfgt.hu) sales experts.
 
Budapest, 7th March 2017