Equinor has signed a long-term gas sales agreement with Poland’s PGNiG. The agreement 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 flow of Norwegian pipeline gas to Poland.
Equinor’s executive vice president Marketing, Midstream and Processing, Irene Rummelhoff said through the gas sales agreement Equinor can extend its offering as a reliable energy partner 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.”
Iwona Waksmundzka-Olejniczak, CEO of PGNiG SA said Equinor plays a crucial role in 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.”
The volumes under the new, long-term agreement reflecting market prices are equivalent to around 15 per cent of the typical, annual gas consumption in Poland. The agreement is from 1 January 2023 to 1 January 2033.
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.
