Energy giant Equinor has signed an agreement to sell natural gas from the Norwegian Continental Shelf to Polish state-owned oil and gas company PGNiG.

The ten-year gas sale deal is expected to help the central European nation in diversifying gas supplies and boosting energy security amid the country’s efforts to replace Russian gas.

Under the agreement, Equinor will deliver approximately 2.4 billion cubic metres (bcm) of gas per year to PGNiG via the new Baltic Pipe project.

The agreement is effective from 1 January 2023 to 1 January 2033.

The Baltic Pipe Project is designed to connect the Norwegian gas export system to Poland via Denmark.

Planned to start operations this year, the pipeline is being developed jointly by Polish GAZ-SYSTEM and Danish Energinet.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The pipeline is expected to have a capacity of nearly 10bcm per year, of which approximately 8bcm per year has been reserved by PGNiG.

PGNiG said in a statement: “According to the PGNiG strategy, the primary source of gas to be delivered via the Baltic Pipe will be PGNiG’s own production on the Norwegian Continental Shelf, which is expected to be three billion cubic metres this year and could rise to 4bcm per year by 2027.”

In April 2022, Russia cut its gas supplies to Poland due to its refusal to pay for gas in roubles.

Equinor marketing, midstream and processing executive vice-president Irene Rummelhoff said: “Equinor is a broad energy provider and has been a key supplier of gas to Europe for 45 years.

“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.”