Norway’s Equinor is to supply Poland with 2.4 billion cubic metres of gas per annum for 10 years under a new deal signed with the Polish state-owned oil and gas company PGNiG.
The deal, announced on Friday, will be effective from 1 January 2023 when Poland starts receiving Norwegian gas via the newly-built Baltic Pipe and boosts Poland’s drive to increase its energy security with long-term supplies, according to Equinor.
Equinor added that the new agreement reflects market prices, with the volumes involved equivalent to around 15 % of Poland’s typical, annual gas demand.
Baltic Pipe is expected to start operations from 1 October, and from 1 January 2023 will enable transportation of about 10 Bcm per annum of gas, of which PGNiG has reserved around 8 Bcm per annum, according to the Polish company.
Stressing the importance of agreement in helping diversify supply routes, PHNiG chief executive Iwona Waksmundzka-Olejniczak said: “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.”
Equinor’s executive vice president for marketing, midstream and processing, Irene Rummelhoff said: “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.”
Equinor and PGNiG are partners in the Skarv and Gina Krog offshore Norway.