WARSAW (Reuters) – Deliveries of that Poland receives via its eastern border remain uninterrupted, Polish dominant gas company PGNiG said on Thursday after Russia’s invasion of Ukraine.
Under a long term gas contract with Russia’s Gazprom (MCX:), PGNiG receives gas via transmission entry points at the borders with Ukraine and Belarus.
With a diversified supply portfolio and capacities it booked in cross-border pipelines, PGNiG can source gas from several directions, inclding via the LNG terminal in Swinoujscie and via southern and western borders, the company said.
The company is booking additional transmission capacities and buying more gas in line with its balancing needs and keeps fuel in storage, it said.
“The company is supplying its customers in line with their needs,” PGNiG press office said.
Poland is consuming about 20 billion cubic meters of gas annually. PGNiG’s long-term contract with Gazprom is for 10.2 billion of cubic meters per year and expires this year. The rest comes from LNG, imports from the EU markets and domestic output.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.