Equinor Strikes 10-Year Deal to Sell Gas to Poland's PGNiG
(Reuters) — Norway's Equinor said on Friday it had entered into a 10-year agreement to sell natural gas to Poland's PGNiG as the central European nation scrambles to replace flows from Russia before the winter heating season kicks in.
The deal covers a volume of 2.4 billion cubic meters (Bcm) per year, or around 15% of Polish annual consumption, the two companies said.
"The contracts we have just signed ... (result) in a significant strengthening of energy security of our country," PGNiG CEO Iwona Waksmundzka-Olejniczak said in a joint statement with Equinor.
The gas will be transported through the new Baltic Pipe gas pipeline, which opens next week and has an annual capacity of 10 Bcm.
The volumes under the new agreement reflected market prices, Equinor said without elaborating.
PGNiG, which has booked some 80% of the Baltic Pipe's capacity, said on Friday that its own output on the Norwegian shelf — estimated at 3 Bcm this year and forecast to reach 4 Bcm in the next few years — would make up the bulk of the flows through the link.
The company said it had also agreed several gas contracts with producers in Norway, of which the deal with Equinor accounts for the biggest volume.
Poland was cut off from Russian gas in April after refusing to pay Moscow in rubles. The flows from Norway along with supplies via a liquefied gas terminal are key to replacing the Russian supply.
The contract with Equinor supplements Poland's LNG supply, domestic output and potential imports via interconnectors with its neighbors ahead of the coming winter.
Related News
Related News

- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- Court Ruling Allows MVP’s $500 Million Southgate Pipeline Extension to Proceed
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- TC Energy’s North Baja Pipeline Expansion Brings Mexico Closer to LNG Exports
Comments