Poland is not going to renew gas contract with Gazprom after 2022

After receiving the necessary corporate decisions, the Polish state-owned oil and gas company PGNiG submitted to Gazprom and Gazprom Export a statement on unwillingness to extend the contract for the purchase of gas after 2022. This is reported by BusinessCensor.

The countries signed a contract in 1996, gas is transported through Yamal-Europe gas pipeline. In accordance with the provisions of the contract, three years before the intended termination of the contract, so, until December 31, 2019, the parties are required to submit a declaration of cooperation after 2022.

“The company has concluded long-term contracts for the supply of LNG and is acquiring natural gas fields on the Norwegian continental shelf, which, combined with the activities of the gas transmission system operator in the field of expanding the gas pipeline, allows the contract to be completed in a timely manner in accordance with its provisions”, head of PGNiG, Piotr Wozniak, said in a statement.

Poland seeks to ensure the security of energy supplies. Over the past four years, PGNiG has taken fundamental steps to diversify its natural gas production destinations in Poland.

Poland consumes 15 billion cubic meters of gas per year. A third of this volume the country produces on its own territory, and imports the rest. The main supplier of gas to Poland is the Russian Gazprom, with which it signed a long-term contract for the annual purchase of 10.2 billion cubic meters of gas until 2022.

In October 2018, Poland signed a 20-year contract for the supply of LNG from the United States.

Recall that Poland won the court to cancel the admission of Gazprom to the OPAL pipeline.

Earlier it was reported that Poland had fined Engie Energy for $44 million for Nord Stream 2.

Tags: Gazprom, gas, contracts, hydrocarbon production, tariffs, legislation, EU, The European Commission, Top management, USA, gas imports, energy market, gas transit, GTS, foreign affairs

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