• 2019 January 11 15:16

    PGNiG: 2018 – another year of declining gas import volumes from Russia and growing LNG imports

    The share of gas imports from Russia in total import volume fell in 2018 to less than 67%. The share of LNG imports increased to over 20%, PGNiG says in a press release.

    In 2018, PGNiG imported over 0.62 bcm less natural gas from Russia than in 2017 (down 6.4%). Imports from the East amounted to approx. 9.04 bcm, as compared to approx. 9.66 bcm in 2017. 

    LNG imports (from Qatar, Norway and the USA) in 2018 increased by nearly 1 bcm (+58.2%) and reached over 2.71 bcm (after regasification), comparing to 2017, when approx. 1.72 bcm of LNG was imported (after regasification).

    Consequently, in 2018, imports from the eastern direction accounted for  66.8% of the entire PGNiG import volume (against 88,9% in 2016).

    LNG imports accounted for over 20% of the import volume (in 2016 – 8,4%). The remaining volume is covered by imports from the western and southern directions.

    Throughout 2018, PGNiG imported approximately 13.53 bcm of natural gas to Poland. According to the domestic forecast production totalled 3.8 bcm.

    ‘The take or pay clause in the Yamal contract signed in the mid-1990s obliges PGNiG to pay Gazprom until the end of 2022 for approximately 85% of the contracted volumes of gas, regardless of whether we bring them to Poland or not’ said Maciej Woźniak, PGNiG's Vice-President for Commercial Affairs. ‘We must therefore continue to make such purchases for four more years to come but we are trying to reduce them to the contractually required level. Especially that gas under the Yamal contract is sold to Poland on non-market terms – we have been in arguing on this case before the Stockholm Court of Arbitration for several years now. In addition, our operations still are exposed to the risk of unexpected interruption of supply from the East, as we have already experienced on several occasions. Therefore, our current priority is to build an alternative, long-term portfolio of secure supplies from 2023 onwards, based on market principles and prices. This portfolio will be based on both LNG and gas from the Norwegian shelf imported via the Baltic Pipe’ added Maciej Woźniak, PGNiG’s Vice-President for Commercial Affairs.

    PGNiG has been successfully implementing its strategy of reducing the dependence on a single dominant supplier. In addition to the expansion of the LNG portfolio, the Company is preparing to start supplying the Polish market with gas produced on the Norwegian Continental Shelf, following the launch of transmission via the Baltic Pipe interconnection through the North Sea, Denmark and the Baltic Sea at the end of 2022.

    The rapid increase in imports of liquefied natural gas in 2018 is primarily the effect of the additional agreement with Qatargas signed of 2017. After 2020, annual imports from Qatar may even reach 2.7 bcm after regasification. Moreover, already in 2019 the first LNG deliveries from Cheniere will reach Poland under long-term contracts concluded in 2018 with suppliers from the USA. Thanks to contracts for the purchase of American LNG, in the years 2023–2042, PGNiG will have an incremental yearly portfolio of over 7.3 bcm after regasification (approx. 5.5 million tonnes of liquefied gas).




2019 June 27

14:53 Shanghai, China to host Intermodal Asia 2020 on March 17-19
14:28 Hamburg Messe to host Intermodal Europe 2019 on November 5-7
14:05 CMA CGM announces FAK rates from the Mediterranean to Mexico East Coast
13:51 GTT receives an order from Jiangnan Shipyard for the design of 5 container ships’ LNG fuel tanks
13:16 Sovcomflot participates in Marine Money Week 2019
12:44 Mediation starts at National Mediator’s office between Norwegian Shipowners’ Association, Industri Energi and SAFE
12:22 WMU-Koji Sekimizu PhD Fellowship on Maritime Governance launched officially
12:00 CMA CGM announces FAK rates from the Mediterranean to USEC and USGULF
11:38 Equinor and OMV sign two MoU to cooperate in the Barents Sea and in the Norwegian Sea
11:17 Singapore to host International Chemical and Oil Pollution Conference and Exhibition (ICOPCE) on 21-24 October 2019
10:56 Vympel Shipyard launched hydrographic survey vessel of Project 19910, Nikolay Skosyrev, built for RF Navy
10:35 Equinor signs sand screen services contracts with Tendeka AS and Baker Hughes Norge AS
10:13 Gasum’s Coralius reaches bunkering milestone in Rotterdam bunkering ship-to-ship
09:51 Brent Crude futures price is down 0.46% to $65.39, Light Sweet Crude – fell by 0.49% to $59.09
09:35 MABUX: Bunker Market this morning, June 27
09:32 Neptune Energy confirmes its development plans for the Duva and Gjøa P1 projects in the North Sea
09:17 Baltic Dry Index is up to 1,317 points
08:22 Colombo Dockyard delivers cable laying vessel built for Kokusai Cable Ship

2019 June 26

18:31 Dolphin Drilling business completes financial restructuring and appoints new management team
18:11 Jacobs wins contract to help build the largest shipyard in the Arabian Gulf
18:09 Senior officials from Kenya Coast Guard Services are undergoing training at national workshop in Mombasa
17:52 LUKOIL commissions two wells at V. Filanovsky field
17:30 Term of office of Sergey Baryshnikov, Rector of Makarov University, extended for 5 years
17:06 Saudi Aramco signs 12 agreements with South Korean partners worth billions of dollars
16:41 Damen Shiprepair Amsterdam completes major maintenance programme on OSV Deep Arctic
16:23 Nordic Engineering wins competition on development of technical design for 6-8 MW icebreaker
15:49 50 Let Pobedy icebreaker returned to Murmansk after its 50th voyage to North Pole
15:35 OOCL chooses Navis Stowage Planning Software StowMan for its container ship fleet
14:52 MacGregor works together with MSC to maximise performance and reduce emissions
14:50 IMO celebrates 30 years of outstanding legal training
14:26 North Sea Port conducts quay-inspection test using underwater robot from Asset.Insight.
14:03 Damen Shiprepair & Conversion signs contract on the conversion of a dredger ‘Samuel de Champlain’
13:52 EU NAVFOR Somalia takes part in Ministerial Conference on Maritime Security in Western Indian Ocean and Plenary Session of CGPCS
13:24 Sergey Larionov elected as General Director of Lena United River Shipping Company
12:51 Igor Tonkovidov elected as Chairman of Novoship BoD
12:27 Port of Rotterdam Authority to invest over 3.5 million euros to optimise the Wilhelminahaven
12:00 Nevsky Shipyard certified in “Military Register” Voluntary Certification System
11:58 Closing of MacGregor's TTS acquisition postponed to Q3 2019
11:35 Russia's Main Department of State Expertise approved project on development of bunkering base at commercial seaport of Murmansk
10:57 Yamal LNG shipped first LNG cargo to Japan
10:18 Brent Crude futures price is up 1.42% to $65.19, Light Sweet Crude – up 1.94% to $58.95
09:59 IAPH South East Asia and Oceania Region meets in Kuala Lumpur in August
09:44 MABUX: Bunker Market this morning June, 26
09:33 Bunker prices increase at the port of Saint-Petersburg, Russia (graph)
09:14 Baltic Dry Index is up to 1,280 points

2019 June 25

18:06 VARD orders seawater cooling for newbuild cable layer
17:34 ABP Humber Estuary Services (HES) purchased new £600,000 survey vessel
17:06 Q-Flex vessel sets delivery benchmark in Turkey
16:28 Awilco LNG posts vessel and contract update
16:22 Zhatai Shipyard to be provided with RUB 4.1 billion of budget investments in 2019–2021
15:59 Maersk introduces Maersk Spot, a new fully online product that simplifies the buying process for customers
15:15 NCSP Group announced decisions made at annual general shareholders' meeting
14:51 IMO: committed to implementation
14:20 ABP King’s Lynn investment attracts new construction industry customer
13:37 MAN B&W dual-fuel engines pass half-million hour milestone
12:59 ECSA celebrates the Day of the Seafarer
12:47 Bunker market sees mixed price movements at the Far East ports of Russia (graph)
11:58 Fuel technologies in the spotlight at ABS Hellenic Technical Committee
11:39 Dickson obtains status of international port
10:58 MEYER WERFT hands over Spirit of Discovery to the British cruise line Saga Cruises