Contents tagged with PGNiG

  • Poland hikes tariff on Russian gas transit for 2021

    The Energy Regulatory Office of Poland has approved a tariff for gas transit through the Polish section of the Yamal-Europe pipeline.

    "The new tariff for 2021 assumes an increase in average payments for gas transportation services by 16.5% in relation to the current tariff," the statement reads.

    The owner of the Polish section of Yamal-Europe pipeline, EuRoPol Gaz,which is a joint venture between Gazprom and the Polish concern PGNiG, will be affected by the increase in the price of the gas …

  • Poland prepares a new blow to Russian gas supplies to Europe

    Russian gas giant Gazprom continues to face problems in the European gas market, where demand and prices have collapsed and volume of gas in storage has reached a historic record, repots finanz.ru.

    Following the failure of the Nord Stream 2 project, which came under U.S. sanctions and did not receive regulatory benefits from the German Federal Network Agency, a key operating pipeline for gas exports to the EU came under attack.

    On May 17, the contract for the transit of Russian gas through …

  • Gazprom agrees to reduce gas prices for Poland

    Russian gas giant Gazprom promised to reduce the price of gas supplied to Poland (under the Yamal contract) after the demands of the Polish state oil and gas company PGNiG, reported the head of PGNiG Jerzy Kwieciński. He added that the Russian company also pledged to correct the bills issued for March and April 2020.

    "I'm pleased to inform you that today PGNiG received Gazprom's correction to the invoice for gas supplies in March'20 I appreciate the quick reaction of our business partner, who …

  • Poland threatens to seize Gazprom assets

    Polish Deputy Minister of State Assets Janusz Kowalski said in an interview with WProst that he was ready to put pressure on Gazprom to force the Russian company to comply with the Stockholm arbitration decision and change the gas price formula for Warsaw. This could include the seizure of Nord Stream 2 assets.

    Kowalski cited as an example the dispute between Gazprom and Naftogaz of Ukraine, during which, according to the deputy minister, the Russian side also refused to comply with the terms …

  • Poland threatens to complain to European Commission about Gazprom

    Polish state oil and gas company PGNiG issued a statement accusing Russia's Gazprom of failing to comply with the ruling of Stockholm arbitration court. According to Warsaw, the Russian company continues to abuse its monopoly position in the market.

    “Gazprom has not complied with the final decision of the Arbitration Institute of Stockholm in the PGNiG case. The ruling of March 30, 2020 demanded a change in the pricing formula of the Yamal contract (a gas supply contract that Russia and Poland …

  • Poland declares victory over Gazprom in gas price dispute

    The Stockholm arbitration ruled in Poland's favor in a five-year dispute with Gazprom over the price of gas, reported Polish state-owned oil and gas company PGNiG.

    "The Court of Arbitration considered PGNiG's arguments and confirmed that the gas price under the Yamal contract was non-market and overstated," PGNiG said.

    Now the Polish company will pay Gazprom for fuel under a new price calculation formula, "which is directly linked to gas prices in the Western European market.

    "The court's …

  • Germany allows Poland to decide the fate of Nord Stream 2 pipeline

    German regulatory office for electricity, gas, telecommunications, post and railway market, Bundesnetzagentur has allowed Poland to participate in the consideration of the application to exclude Nord Stream 2 from the rules of the new EU Gas Directive. This issue is key for the future of the project, as European regulations can severely restrict gas supplies through the Nord Stream 2 gas pipeline.

    Last year, the European Commission approved new changes to the EU Gas Directive. Now the Third …

  • Poland and Slovakia express readiness for ‘gas war’ between Russia and Ukraine

    Polish oil and gas state company PGNiG stated that Poland is prepared if the transit of Russian gas to Europe through Ukrainian territory stops. The company has also presented possible options for fuel supplies in 2019-2023.

    “If gas transit stops from the beginning of 2020, gas production in Poland, its reserves, and imports, including through Belarus, will amount to 25.6 billion cubic meters of gas per year with a total consumption of 19 billion.  If, after the expiration of the agreement …

  • Polish largest oil and gas company plans to produce gas in Ukraine's Lviv region

    The largest Polish oil and gas company PGNiG plans to produce gas in the Lviv region with the Ukrainian ERA trading company, reports PGNiG.

    "The agreement we signed today will allow us to produce natural gas in a very promising region. I am confident that our partnership with the ERA trading company will contribute to the value of both companies," said PGNiG's Board President Piotr Woźniak.

    The agreement between ERA trading and PGNiG provides for joint operations in the Lviv region.

    First, …

  • Poland notifies Gazprom of intention to terminate gas supply contract

    The Board of Directors of the Polish national  oil and gas company PGNiG notified Russian gas giant Gazprom of its intention to terminate the binding contract for the purchase and sale of natural gas. The so-called Yamal contract was signed on September 25, 1996 and expires on December 31, 2022.

    In the Declaration of PGNiG, it is noted that deliveries of liquefied natural gas and fuel from other countries will replace the Russian gas supply.

    In the first half of 2019, Poland reduced purchases …