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Poland and Norway signed a 10-year gas supply contract

Image: Equinor

The volume of supply under the long-term agreement is equivalent to approximately 15% of the average annual gas consumption in Poland.

The Polish state-owned company PGNiG has signed a 10-year contract for the import of Norwegian gas with the Equinor Group. This was reported on the companies’ websites on Friday, September 23.

The agreement provides for the supply of 2.4 billion cubic meters of gas per year through the new Baltic Pipe pipeline, the opening of which is scheduled for next week – September 27.

The contract is valid from January 1, 2023 to January 1, 2033.

The volume of deliveries under the new long-term agreement is equivalent to approximately 15% of the average annual gas consumption in Poland.

The Baltic Pipe will start operating on October 1, and is expected to reach full capacity with a maximum throughput of 10 billion cubic meters per year from January 1, 2023.

PGNiG has reserved about 8 billion cubic meters for itself. m. The company will provide part of these volumes of its own production in Norway, which is now at 3 billion cubic meters. m, and in the future should increase to 4 billion cubic meters. m per year.

The remaining capacity will be filled with gas from other suppliers, Equinor being the largest of them.

Remember that Poland will no longer buy gas from Russia. The contract with Gazprom will expire in December 2022. Poland has been preparing for it for six years, the country’s authorities assured.

It was also reported that from April 27, Gazprom stopped gas supplies to Poland ahead of schedule due to its refusal to pay for gas in rubles.

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Source: korrespondent

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