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August 19, 2022

Poland’s PGNiG in talks with Norwegian firms to secure more gas

The Polish firm plans to source additional gas via the new Baltic Pipe Project, which will link the two countries.

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Polish state-controlled oil and gas company PGNiG is in advanced talks to secure additional gas supplies from Norway in order to cut reliance on Russian gas, reported Reuters, citing PGNiG CFO.

The Polish firm is looking to secure Norwegian gas via the new Baltic Pipe Project, which will link the two countries.

Planned to be commissioned in October 2022, the $2.25bn Baltic Pipe Project is designed to transport ten billion m³/year of gas from Norway to the Danish and Polish markets and three billion m³/year of gas from Poland to Denmark.

The pipeline project is considered a centrepiece of Poland’s strategy to diversify its sources and reduce reliance on Russian gas in the wake of Moscow’s military war against Ukraine.

In April 2022, Russia cut its gas supplies to Poland for not complying with its terms to make gas payments in rubles.

PGNiG’s Przemyslaw Waclawski was cited by Reuters as saying to reporters: “We are in advanced talks with several entities on the Norwegian Shelf.”

PGNiG representatives said earlier that the firm signed contracts for 800 million cubic metres of gas for the fourth quarter of this year.

In a separate development amid Russia-Ukraine crisis, the Croatian government announced plans to invest €180m ($182.32m) to build a new gas pipeline, reported Reuters.

The government also plans to more than double the liquefied natural gas (LNG) capacity at its floating LNG terminal on the northern Adriatic Island of Krk, from 2.6 billion cubic metres (bcm) to 6.1 billion bcm of gas annually, to secure gas supplies.

Estimated to cost €155m, the proposed gas pipeline will connect the towns of Zlobin and Bosiljevo in northwestern Croatia.

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