Contents tagged with PGNiG
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 …
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 …
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 …
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.
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 …
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 …
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 …
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 …
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’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 …