Contents tagged with PGNiG

  • Poland agrees to buy extra 1.5 million tons of LNG annually from US

    The Polish oil and gas company PGNiG has agreed to buy 1.5 million tons of liquefied natural gas (LNG) annually from the American company Venture Global LNG, over and above the amount agreed on in the contract signed by the firms in 2018, PGNiG told the press on Wednesday.

    At the end of 2018, PGNiG signed a contract with Venture Global LNG to supply Poland with 2 million tons of LNG per year (2.7 billion cubic meters of gas after regasification) for 20 years, staring in 2023. Now the annual …

  • Poland acquires shares of Norwegian continental shelf gas field

    The Polish Radio announced that the Norwegian subsidiary (Upstream Norway AS) of the Polish oil and gas company (PGNiG) acquired Equinor Energy AS concession shares on the Norwegian continental shelf for $ 220 million.

    PGNiG reported that the signed contract states the acquisition of a 30% stake in the PL044 concession at Equinor Energy AS, which is the equivalent of buying a 42.38% stake in the development of the Tommeliten Alpha field, operated by ConocoPhillips Norway AS.

    Tommeliten Alpha …

  • Poland agrees to buy gas from US for 20 years

    American shale gas, which Gazprom declared impossible in 2013, continues to move into the European Market.

    The Polish energy corporation PGNiG (Polskie Gornictwo Naftowe i Gazonictwo) announced that it has signed a long-term gas contract with the US.

    The agreement with the American company Venture Global LNG is intended to last for 20 years, and will help the company to completely free itself from Russian gas, once its current contract with Russia expires in 2022, PGNiG CEO Piotr Woźniak said …

  • Poland finds violations in Gazprom contracts

    Poland’s Supreme Audit Office (NIK) has discovered violations in gas contracts made with Gazprom between 2009-2010, according to a document published on the NIK’s website.

    The document states that former Polish Economy Minister Waldemar Pawlak made agreements with the Russian company “without the needed backing in the form of an approved negotiation instruction, and after the approval of such instructions, some of the agreements were incompatible with the obligatory principles”.

    The NIK also …

  • Polish PGNiG signs 20-year contracts for liquefied natural gas shipments from the USA

    Polish PGNiG has signed long-term contracts with two US companies for the supply of liquefied natural gas (LNG), the press service of the Polish company reported.

    Two PGNiG reports say that the companies involved are Port Arthur LNG and Venture Global LNG, which are currently working on the construction of gas liquefaction terminals on the Gulf of Mexico coast in Texas and Louisiana. The terminals are expected to begin operation in 2022 and 2023. Under the contact, each company is expected to …

  • Ukraine starts buying gas from Polish PGNiG

    Ukrainian Naftogaz and the Polish company PGNiG signed a contract for the supply of gas to Ukraine in March 2018, as reported by the press service of the Ukrainian company.

    Supplies began on the morning of March 2nd via the Hermanowice node. During this month, according to the terms of the agreement, the Polish company will supply Ukraine with more than 60 million cubic meters of gas.

    At the same time, PGNiG head, Piotr Wozniak, indicated their readiness to increase the volume of supplies or …

  • Ukraine gives Poland access to its gas transportation system

    The Polish oil and gas concern PGNiG and the Ukrainian gas transportation and storage operator Ukrtransgaz have signed an agreement on the possibility of delivering blue fuel to Ukraine.

    Deputy head of PGNiG Maciej Wozniak called the agreement the next step on the way toward strengthening Poland’s position within the Ukrainian gas market.

    "This agreement means that we have free access to gas pipelines and can use them when we need it," Radio Poland quotes Wozniak as saying.

    Until recently, …