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  • PGNiG and Equinor Group with contracts to supply gas for Baltic Pipe
    édité le 26/09/2022 - Plus de news de "PGNIG" - Voir la fiche entreprise de "PGNIG"

PGNiG and Equinor Group with contracts to supply gas for Baltic Pipe
Polish Oil and Gas Company (PGNiG) and Equinor ASA group (Equinor) companies have concluded gas sales agreements for natural gas from the Norwegian Continental Shelf. The total volume to be supplied under the contracts is 2.4 billion cubic meters of gas per year for 10 years. Gas purchased from Equinor will be delivered to Poland via the Baltic Pipe pipeline.

“Equinor is a strategic business partner for the PGNiG Group playing a crucial role in our efforts to diversify gas supplies to Poland. The contracts we have just signed provide for gas that will be delivered to Poland using the Baltic Pipe pipeline, resulting in a significant strengthening of energy security of our country,” says Iwona Waksmundzka-Olejniczak, president of the management board of PGNiG SA. “I am glad that a company of such standing and reputation as Equinor, with which PGNiG already cooperates on exploration and production activities on the Norwegian Continental Shelf, becomes a gas supplier for our Group. This is a major step towards further development of cooperation between our companies in the future,” adds Ms. Waksmundzka-Olejniczak.

“Equinor is a broad energy provider and has been a key supplier of gas to Europe for 45 years. I am very happy that through this gas sales agreement we can extend our offering as a reliable energy partner also to Poland. Equinor is also working with local companies on developing large scale offshore wind and solar projects in Poland, and we look forward to further developing our energy cooperation with PGNiG and Poland in the time to come,” says Irene Rummelhoff, Equinor’s executive vice president Marketing, Midstream and Processing.

The contracts between PGNiG SA and Equinor group provide for the supply of up to 2.4 billion cubic meters of gas per year from January 1, 2023 to January 1, 2033. The agreements secure additional volumes of gas that will be sent to Poland via Denmark using the Baltic Pipe. The pipeline, which is a joint project of Polish GAZ-SYSTEM and Danish Energinet, will commence operation from October 1, 2022. Starting from 2023 it will enable transportation of ca. 10 billion cubic meters per year of which PGNiG has reserved ca. 8.0 bcm per year.

According the PGNiG strategy, the primary source of gas to delivered via the Baltic Pipe will be PGNiG’s own production on the Norwegian Continental Shelf, which is expected to 3.0 billion cubic meters this year and could rise to 4.0 bcm per year by 2027.

To optimally utilize the remainder of the reserved capacity, PGNiG has already signed several contracts with suppliers operating on the Norwegian Continental Shelf. The contracts concluded with the Equinor group are so far the largest in terms of volume.

Equinor and PGNiG already cooperate on oil and gas exploration and production on the Norwegian Continental Shelf. The groups are license partners in the Skarv and Gina Krog fields.

About PGNiG

PGNiG is the leader of the Polish natural gas market. Listed on the Warsaw Stock Exchange, the company’s core business includes exploration and production of natural gas and crude oil. Its key branches and subsidiaries import, store, sell and distribute gaseous and liquid fuels. The PGNiG Group is also involved in district heating and electricity generation. PGNiG holds exploration and production licenses on the Norwegian Continental Shelf, in Pakistan and United Arab Emirates. Its Munich-based subsidiary PGNiG Supply & Trading is engaged in gas trading in Western Europe, also operating the LNG trading office in London. In 2020, PGNiG launched a research program aimed at developing competences in production, storage, and distribution of biomethane, hydrogen and other alternative fuels. The PGNiG Group is also expanding its capacity of electricity generation from renewable energy sources based on photovoltaic and wind farms.

About Equinor

Equinor is an international, broad energy company committed to turning natural resources into energy for people and progress for society. Equinor’s portfolio encompasses oil and gas, renewables and low-carbon solutions, with an ambition of becoming a net-zero energy company by 2050. Headquartered in Stavanger (Norway), Equinor is the leading operator on the Norwegian continental shelf and present in around 30 countries worldwide. Since 2018, the company is active in the offshore wind energy sector in Poland. Equinor together with partner Polenergia is developing some of the most advanced offshore wind projects in Poland totaling 3000 MW. In 2021, Equinor acquired Polish renewables company Wento with a 1600 MW solar project pipeline in onshore renewables in Poland.

Origine : Communiqué PGNIG

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