The Polish oil and gas concern PGNiG has reserved most of the capacities of the Baltic Pipe gas pipeline, which is scheduled to be launched next autumn.
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“Gas supplies from the Norwegian continental shelf are the basis of the energy security of the Polish region. Therefore, PGNiG has reserved the vast majority of the capacity of the Baltic Pipe gas pipeline connecting Poland through Denmark to the Norwegian continental shelf,” PGNiG said in a statement.
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It is noted that the volume of the booking was determined “based on the obvious needs of the balance of PGNiG related to the decision not to renew the Yamal contract”.
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At the same time, the Polish company “intends to ensure the full use of the reserved bandwidth.”
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PGNiG already has a diversified portfolio of contracts for the supply of gas produced on the Norwegian continental shelf and in Denmark. The company announced some of these contracts, in particular with the Danish Ørsted and Lotus. Contracts with other suppliers were not disclosed due to trade secrets.
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“However, Baltic Pipe’s main source of gas will be its own production on the Norwegian continental shelf,” PGNiG said.
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According to the company, PGNiG produced 0.48 billion cubic meters of gas in Norway in 2020, and 1.42 billion in 2021. And in 2022, this figure will be 3 billion cubic meters. PGNiG’s own gas production on the Norwegian continental shelf is expected to reach 4 billion cubic meters in 2027.
