Equinor announced a long-term gas sales agreement with Poland’s PGNiG.
According to the company’s website news release on September 23, 2022, the agreement is for 10 years with a volume of around 2.4 billion cubic metres (bcm) of gas per year to be exported through the new Baltic Pipe.
The Baltic Pipe Project connects the Norwegian gas export system to Poland via Denmark and facilitates flow of Norwegian pipeline gas to Poland.
“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 Equinor can extend the company's 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 Equinor look forward to further developing the company's energy cooperation with PGNiG and Poland in the time to come,” says Equinor’s executive vice president Marketing, Midstream and Processing, Irene Rummelhoff.
“Equinor is a strategic business partner for the PGNiG Group playing a crucial role in the company's efforts to diversify gas supplies to Poland. The contracts PGNiG 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 the company's country,” says Iwona Waksmundzka-Olejniczak, CEO of PGNiG SA.
The volumes under the new, long-term agreement reflecting market prices are equivalent to around 15 % of the typical, annual gas consumption in Poland. The agreement is from 1 January 2023 to 1 January 2033.
The Baltic pipe project connects to the Norwegian gas transportation system with Denmark’s transmission system operator (TSO) Energinet responsible for the components on Danish territory and Poland’s TSO GAZ-SYSTEM in charge of the section between Denmark and Poland.
Media contact:
Magnus Frantzen Eidsvold: mfei@equinor.com,
+47 97528604
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 also 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.
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.
Tags: AlwaysFree,Central and East Europe,English,Gas,Poland
Published on September 28, 2022 5:56 PM (GMT+8)Last Updated on September 28, 2022 5:56 PM (GMT+8)
