Equinor Inks 10-Year Gas Supply Deal With PGNiG

Equinor Gas Supply PGNiG
Equinor's Troll-A Production Platform in the North Sea. Photo: Øyvind Gravås and Even Kleppa - Woldcam / Equinor ASA

Norway’s Equinor has agreed to a 10-year gas supply deal with Poland’s PGNiG for 2.4 bcm/yr of gas via 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 is a broad energy provider and has been a key supplier of gas to Europe for 45 years. I am very happy that through this gas sales agreement we can extend our offering as a reliable energy partner also to Poland, Equinor’s executive vice president Marketing, Midstream and Processing, Irene Rummelhoff, said in a news release on 23 September.

“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,” Rummelhoff said.

Iwona Waksmundzka-Olejniczak, CEO of PGNiG SA commented also: “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.”

The volumes under the new, long-term agreement reflecting market prices are equivalent to around 15 percent 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.

Source: Equinor