Contents tagged with PGNiG

  • 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 …

  • Poland to sell Ukraine American liquefied natural gas

    By the end of 2019, the Polish company PGNiG intends to start supplying Ukraine with natural gas obtained from the regasification of liquefied natural gas (LNG) shipped to Poland from the US. This will be a “real breakthrough” in the creation of a “transatlantic gas supply corridor from the US to Ukraine,” said Dale Perry, president of the company Energy Resources of Ukraine (ERU).

    According to Yaroslav Mudriy, director of ERU Trading, the gas bought from PGNiG will be kept in underground …

  • 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 …