Publication of Market Test Binding Phase Guidelines

121 days ago

On 30/9/2022, RAE approved the Bidding Phase Guidelines for the management and the allocation of capacity on the DIORIGA FSRU LNG import terminal, developed and implemented by DIORIGA Gas S.A., a 100% subsidiary of MOTOR OIL (HELLAS).

The Guidelines’ text is accessible here.

Following the above approval, the imminent conduct of the binding market test phase is expected to highlight the importance of this infrastructure in terms of the security of supply of the country and the wider region and to validate the interest from important Greek and foreign companies in the natural gas market to utilize its services.

It is noted that both the companies that participated in the first, non-binding, expression of interest phase of the market test, which was completed in January 2022, as well as those that did not participate, have the right to participate in the binding market test phase, as per the terms and conditions of the Bidding Phase Guidelines.

Companies wishing to participate in the binding market test phase are invited to send a signed copy of the Confidentiality Agreement, accessible here, to the e-mail address [email protected] , as per the paragraph 3.5 of the Guidelines, in order to be able to receive the Bidding Phase Notice, which includes information on the procedure and the deadlines to submit the binding offers, the pro-forma of the participation bid bond, the Advanced Reservation of Capacity Agreement (ARCA), the indicative tariff and the estimated Commercial Operation Date of DIORIGA terminal.

Given the developments in the world energy map, Motor Oil – with DIORIGA Gas S.A. – are at the forefront of the new challenges for the autonomy and security of supply of Greece and the wider region at competitive prices and without any geopolitical limitations.