Mr. Gergely Moln?r:

It is important to note how gas infrastructure is typically developed. That is ultimately a decision taken by market players, taking into consideration a number of factors, including the broader policy context. There is typically an open season in which market parties can express their interest in the capacity of the given gas infrastructure and then this is followed by a bidding phase of the open season where market players sign up for typically long-term capacity contracts. This gives the security to the product developers to go ahead and take a final investment decision on the product.

In 2022, we saw that because of the gas prices which have been triggered by Russia's invasion of Ukraine, the policy context also changed significantly and there has been important support provided in a number of countries by policymakers to facilitate the deployment and installation of gas infrastructure which can diversify inputs. However, we are still seeing that this is driven and facilitated by market players. The market players are the ones that have capacity commitments related to these facilities and they are the ones that are operating them. It is also the market players that are arranging the shipments to these facilities and operating the storage facilities that are embedded into the broader energy input infrastructures. It is important to keep the market players at the forefront whenever we are going into that process. The question for policymakers is how they want to shift the broader policy context into one thing or another.