Equinor And PGNiG Join Hands To Diversify Gas Supplies

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  • Equinor has announced a long-term gas sales agreement with Poland’s PGNiG.
  • The Baltic Pipe Project connects the Norwegian gas export system to Poland via Denmark and promotes the flow of long-term pipeline gas to Poland.

Equinor and Poland’s PGNiG agree to a long-term gas sales contract, reports Equinor.

Equinor

While describing Equinore, its executive vice president Marketing, Midstream, and Processing, Irene Rummelhoff said that Equinor is a broad energy provider and has been a major supplier of gas to Europe for 45 years. It is working with local companies on formulating large-scale offshore wind and solar projects in Poland.

The agreement between Equinor and  Poland’s PGNiG 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 the flow of Norwegian pipeline gas to Poland.

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.

The numbers under the new, long-term pact indicating market prices are identical to around 15 % of the typical, annual gas consumption in Poland. The agreement is from 1 January 2023 to 1 January 2033.

Response

“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, CEO of PGNiG SA.

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Source: Equinor

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