BiznesAlert EN https://biznesalert.com ENERGY INFRASTRUCTURE ENIVRONMENT Mon, 21 May 2018 13:16:15 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.5 An agreement on the costs of Gas Interconnection Poland-Lithuania costs reached https://biznesalert.com/an-agreement-on-the-costs-of-gas-interconnection-poland-lithuania-costs-reached/ https://biznesalert.com/an-agreement-on-the-costs-of-gas-interconnection-poland-lithuania-costs-reached/#respond Mon, 21 May 2018 10:00:20 +0000 http://biznesalert.com/?p=2015 The transmission system operators of the Baltic States and Poland concluded the process of executing the cross-border cost allocation agreement on Gas Interconnection Poland-Lithuania (GIPL) project on 11 May 2018. The agreement executed between GAZ-SYSTEM, Amber Grid (Lithuania), Conexus Baltic Grid (Latvia), and Elering (Estonia) sets out practices of the implementation of the European Agency […]

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The transmission system operators of the Baltic States and Poland concluded the process of executing the cross-border cost allocation agreement on Gas Interconnection Poland-Lithuania (GIPL) project on 11 May 2018.

The agreement executed between GAZ-SYSTEM, Amber Grid (Lithuania), Conexus Baltic Grid (Latvia), and Elering (Estonia) sets out practices of the implementation of the European Agency for the Cooperation of Energy Regulators’ (ACER) decision on the GIPL project’s cross-border cost allocation.

The concluded agreement governs mutual obligations between gas transmission system operators (TSOs) arising from the implementation of the ACER’s decision. It specifies the method for calculating and adjusting the compensations payable by the Baltic TSOs to the Polish transmission system operator – GAZ-SYSTEM. It also concerns the issue of the possible reimbursement for some or all of these compensations if the GIPL project on the Polish side generates revenues higher than those specified in the ACER’s decision on the basis of economic analyses of the project.

The signing of the agreement on the GIPL project’s cross-border cost allocation paves the way for concluding an agreement governing the legal, business, and technical aspects of the project implementation, which is also a joint commitment of the parties to implement the investment (Final Investment Decision, FID) between GAZ-SYSTEM and Amber Grid.

The first public tenders for construction works and piping are planned this year.

Gaz-System

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Warsaw Institute: Baltic Pipe on the horizon https://biznesalert.com/warsaw-institute-baltic-pipe-on-the-horizon/ https://biznesalert.com/warsaw-institute-baltic-pipe-on-the-horizon/#respond Mon, 21 May 2018 08:30:34 +0000 http://biznesalert.com/?p=2013 A year ago, only a few people knew about the Baltic Pipe project, a pipeline that is supposed to constitute the gas connection between Poland and gas fields on the Norwegian continental shelf. In addition, the gas interconnector project was then in its concept phase. Today, the project is widely known to Polish society who […]

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A year ago, only a few people knew about the Baltic Pipe project, a pipeline that is supposed to constitute the gas connection between Poland and gas fields on the Norwegian continental shelf. In addition, the gas interconnector project was then in its concept phase. Today, the project is widely known to Polish society who is more and more eager to be in favour of the idea (according to a public opinion poll conducted in February 2018, 90% of Poles support the implementation of the project); moreover, the Baltic Pipe is advocated by the governments of Poland and Denmark. The capacity of the pipeline for 15 years was has already been allocated as well as competent bodies have already started to issue permits essential for the construction of a the new gas corridor. It is crucial to trace how the project has developed from idea to decision over the last twelve months. It will be helpful to illustrate the project’s importance as well as to indicate its complexity.

Baltic Pipe – key part of Poland’s gas security

The Baltic Pipe gas interconnector constitutes an essential project implemented by the Polish government with the aim of improving the country’s energy security. Nearly three decades after the fall of communism, Poland is not fully sovereign in terms of ​​natural gas supply as about 70% of natural gas imported to the country comes from Russia. Given that the latter uses energy exports as a political tool, Polish recipients suffered numerous limitations in the supply of gas, which contributed to significant losses of key sectors of the Polish economy. Russia’s Gazprom takes advantage of its monopolistic position on the Polish gas market by shaping prices in a non-market way as well as by imposing terms of contracts that are contrary to EU legal regulations. The situation may be improved at the end of 2022, along with expiration of a long-term gas supply contract concluded between Polish Oil and Gas Company (PGNiG) and Gazprom, which has prevented Poland from diversifying its gas supplies for many years. In order to create the possibility of replacing the above-mentioned Russian gas with the one coming from a reliable partner, the Polish government decided to implement the Baltic Pipe project.

About the investment

The investment carried out jointly by Polish (OGP Gas-System) and Danish (Energinet.dk) transmission system operators will enable to transport approximately 10 billion cubic meters of Norwegian gas per year, which stands for about 60% of Poland’s annual demand. It is also possible to further export gas to Central and Eastern Europe.

The Baltic Pipe project consists of five main components:

  • The North Sea gas pipeline between the Norwegian and Danish gas transmission systems,
  • Expansion of the Danish transmission system,
  • Gas compressor station in Denmark,
  • Gas pipeline at the seabed of the Baltic Sea between Danish and Polish transmission systems (hereinafter referred to as: “the Offshore gas pipeline “),
  • Expansion of the Polish transmission system.
  • Denmark’s Energinet is responsible for the implementation of the first three components, while
  • Poland’s Gaz-System is supposed to prepare the Offshore gas pipeline and to develop the Polish transmission system. The construction and operating costs of the gas compressor station in Denmark will be shared by both companies.

Investors will be additionally supported by Gassco, the important Norwegian partner, which is an operator of the integrated system for transporting gas from the Norwegian continental shelf to other European countries.

Two main routes of the Offshore gas pipeline are currently being considered; the northern variant crosses Danish, Swedish, Danish and Polish waters whereas the southern variant goes through Danish, German and Polish waters. The final routing of the pipeline will result from the decisions issued by the authorities responsible for the project’s environmental impact assessment; however, the option preferred by the investor will be signalled in the environmental impact assessment report.

Cooperation between interested countries

In order to implement the Baltic Pipe project, it is essential to provide a high level political support for the investment, primarily from Poland and Denmark. In June last year, the heads of Polish and Danish governments signed the memorandum on the Baltic Pipe investment project, in which they declared their support for investors in obtaining any permits necessary to start the construction of the gas pipeline as well as in establishing a legal framework for the project.

Cooperation between investors

Due to the joint implementation of the project by Gaz-System and Energinet, it is necessary to regulate the principles of their cooperation. In June 2017, they were specified by a framework agreement that covers tasks during the first phase of the project (until obtainment of a building permit). In addition, both parties to the agreement managed to agree on some relevant provisions of the future construction agreement, which would include the division of any implementation costs. In this context, it needs to be mentioned that the latter have been estimated at 1.6 billion euros. The conclusion of the second agreement by the end of November 2018, will amount to taking the final decision on the project implementation.

Guaranteeing project’s profitability

The signing of the framework agreement by investors made it possible to launch the capacity allocation procedure (“Open Season”) whose main aim was to examine the demand for the pipeline’s capacity. Thanks to the fact that the market players had reserved the capacity of at least 7.5 billion cubic meters (as required by investors), the project can be implemented on a fast track. What is more, the regulatory authorities in Poland and Denmark carried out the so-called market test, which has confirmed the economic feasibility of the project. Finally, in January 2018, it was possible to sign binding transmission contracts between suppliers and investors for a period of 15 years (2022-2037). Furthermore, on the basis of the results of Open Season process, Energinet’s Supervisory Board has approved the business case for the Danish part of the Baltic Pipe project in March 2018 in order to submit an application for investment approval to the Danish Minister for Energy, Utilities and Climate.

Decision-making process

Immediately after signing the framework agreement, Gaz-System proceeded to select the entity responsible for preparatory works on the Offshore gas pipeline. In August 2017, the company signed a contract with Ramboll Danmark A/S, whose task is to carry out necessary research, prepare the construction design and environmental impact assessment report as well as to obtain all permits necessary to start construction of the Offshore gas pipeline by April 2020. Another agreement was signed with an Australian company Subsea Engineering Associates Pty Ltd, which will be responsible for such issues as project supervision. Both companies have considerable experience in carrying out subsea infrastructure works.

In September last year, vessels contracted by Ramboll began cruising for environmental, geophysical and geotechnical surveys along the envisaged locations of the Offshore gas pipeline. Based on the experience of other submarine gas pipelines, the contractor decided to carry out a very wide range of research with the aim of taking into account all possible factors in the process of selecting the route and preparing the environmental impact assessment report and well as the construction design.

At the end of last year, the investor launched the process of obtaining decisions on environmental conditions, which is obligatory for the Offshore gas pipeline. At the same time, the Baltic Pipe transboundary impact assessment procedure was initiated in compliance with the provisions of the Espoo Convention.

The completion of the Offshore gas pipeline as well as the expansion of the Polish transmission system by 2022 are currently being discussed by a special governmental body for the Baltic Pipe project, established in November 2017. The entity, represented by key ministers and other authorities responsible for granting permits, will be in charge of coordinating the activities of the Polish administration and the investor. Such a strategy will allow to conduct the decision-making process efficiently as well as it may lead to establishing a uniform practice for the authorities. The body is headed by Piotr Naimski, the Secretary of State in the Polish Chancellery of the Prime Minister and the Government Plenipotentiary for Strategic Energy Infrastructure. The fact that such an entity has been established proves that the investment constitutes a priority project for the Polish government.

The joint actions undertaken by Gaz-System and its contractor, supported by the Polish administration, mean that the project is currently being carried out in accordance with the schedule and all permits for the Offshore gas pipeline are to be obtained before April 2020.

Public consultations

Gaz-System is aware of the relevance of collecting opinions of interested organizations, institutions and community representatives at the earliest possible stage of the investment. Thanks to such an approach, it will be possible to take into account all issues discussed during the consultation in the process of the environmental impact assessment reports preparation, which should result in better quality of these documents. Therefore, a public consultation procedure was launched in Poland, Denmark, Germany and Sweden at the beginning of the year. Within the framework of its communication plan, Gaz-System intends to organize a series of public meetings, also with fishing organizations and local communities living near the planned landfall of the Offshore gas pipeline.

Support from the European Commission

The Baltic Pipe project has received a considerable support from the European Commission, already at the conceptual stage. The Offshore gas pipeline was recognised by the European Commission as a ‘Project of Common Interest’ (PCI), which means that the project brings significant benefits to at least two EU member states as well as contributes to market integration and competitiveness, increases supply security and reduces CO2 emissions. All PCI projects benefit from a number of improvements, including accelerated process of planning and permit granting as well as the right to apply for Connecting Europe Facility (CEF) funding. Thanks to the above-mentioned conditions, the Baltic Pipe project has already received financial support for the implementation of tasks in Poland and Denmark: in 2015, the gas interconnector was granted 0.4 million euro for preparatory works, whereas in 2017 it was subsidised with 33 million euro for design works.

Legal issues

In order to complete the investment in 2022, it is essential to establish a new legal framework for the construction and operation of the gas pipeline. In January 2018, the Government Plenipotentiary for Strategic Energy Infrastructure submitted a draft amendment to the special act on the gas transmission infrastructure, which streamlines the investment process. On the 2nd of May the draft was adopted by the Polish Government and put forward to the Parliament. Thanks to the proposed amendment, the act will cover all investments carried out by Gaz-System within the framework of the Baltic Pipe project, as well as gas interconnectors between Poland and neighbouring countries.

In 2017, Denmark fulfilled its obligations under the memorandum signed by the Prime Ministers of Poland and Denmark by amending the Danish Natural Gas Supply Act. As a result, Gaz-System will be able to become an owner of the transmission pipeline located in the territory of Denmark (according to the agreement concluded between Gaz-System and Energinet, the former will own the Offshore gas pipeline infrastructure up to the first dry weld in Denmark).

Plans for 2018

Year 2018 will be crucial for the implementation of the investment. This year, environmental, geophysical and geotechnical studies of the Offshore gas pipeline should be completed. They will enable Gaz-System to submit all applications that are necessary to start the construction of the gas pipeline, namely an environmental impact assessment report and a construction design.

Investors are expected to take a final investment decision by the end of November. It will amount to their commitment to build the Baltic Pipe project. From that moment on, any resignation from the project will result in considerable financial penalties for the withdrawing party.

The above-mentioned activities constitute only a part of all tasks undertaken to implement the Baltic Pipe project by 2022. It is a key element of the policy of diversifying sources of gas supplies to Poland and is a priority for both Gaz-System and the Polish government. Such an approach is necessary due to the complexity of the project as well as a relatively tight schedule. We hope that next year we will provide our readers with equally good news about the progress of this strategic investment.

Warsaw Institute

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Polish Briefing: Why is the EC so permissive towards Gazprom? https://biznesalert.com/polish-briefing-orlen-will-buy-iranian-oil-if-it-is-profitable-why-is-the-ec-so-permissive-towards-gazprom/ https://biznesalert.com/polish-briefing-orlen-will-buy-iranian-oil-if-it-is-profitable-why-is-the-ec-so-permissive-towards-gazprom/#respond Mon, 21 May 2018 07:00:11 +0000 http://biznesalert.com/?p=2010 What goes on in Poland on the 21st of May. MEPs ask: Why is the EC so permissive towards Gazprom? A group of Members of the European Parliament is asking in an interpellation to the European Commission for fines for Russian Gazprom for applying monopoly practices to some of its clients in Europe. BiznesAlert.pl about […]

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What goes on in Poland on the 21st of May.

MEPs ask: Why is the EC so permissive towards Gazprom?

A group of Members of the European Parliament is asking in an interpellation to the European Commission for fines for Russian Gazprom for applying monopoly practices to some of its clients in Europe. BiznesAlert.pl about the decision, which will not ultimately lead to the imposition of a fine for Gazprom.

Non-member MEP Jacek Saryusz-Wolski and other MEPs: Algirdas Saudargas and Laima Liucija Andrikiené from EPP, Petras Auštrevičius (ALDE), Zdzisław Krasnodębski (ECR) and Indrek Tarand and Claude Turmes from the Greens asked the European Commission about the EC’s behavior towards Gazprom and the Nord Stream 2 project forced by the company.

MEPs pointed out that the state-owned Russian energy company has not been sanctioned by the European Union despite the proven Russian actions destabilizing the internal situation in Syria, Georgia, the United Kingdom and Ukraine.

Members of the European Parliament asked why the European Commission proposed a settlement in the Nord Stream 2 case instead of imposing sanctions on the Russian monopoly, why the Commission separates the antitrust proceedings against Gazprom from the Nord Stream 2 case and why it did not extend antitrust proceedings to the situation of Member States, disadvantaged by unfair tariffs administered by Russian supplier.

Orlen will buy Iranian oil if it is profitable

Fuel prices in Poland remain one of the lowest in Europe and it is possible that if the situation around Iran stabilizes, oil prices will go down – convince PKN Orlen representatives during today’s press conference.

– Recently, global oil prices have increased by over 60 percent, while PKN Orlen’s fuel prices have only increased by 11 percent. We do everything to make fuel prices as low as possible. Fuel prices in Poland are among the lowest in Europe, as is the sum of excise duties and taxes. Thanks to the activity of the president of Daniel Obajtek, the diversification of sources of crude oil supplies and the optimization of production costs have gained momentum – Zbigniew Leszczynski, a member of the Orlen management board for sales, said during today’s press conference.

Chief economist of PKN Orlen, Dr. Adam Czyżewski was asked by journalists whether in the situation of the United States denouncing a nuclear agreement with Iran, Orlen will continue shopping for Iranian oil, he said, yes, if it is profitable. – It’s the US that broke this agreement. The countries of the European Union, Russia, China and Iran declare that they will continue to enforce this agreement. We are waiting for what will happen next. There are no sanctions at the moment – he said.

Czyżewski said that at the moment the so-called fear bonus is winning on the market. – Nothing happened yet. For now, there is a risk that something might happen and for this reason the price of oil rose to $ 80 a barrel, which was caused by the US breaking the atomic agreement. If the situation is relaxes, there is no reason for oil prices to continue to rise. The supply is not a problem, but rather the demand for oil. If nothing happens, prices should fall – said the chief economist of Orlen.

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Polish Briefing: The energy strategy is almost ready. Waiting for the nuclear power? https://biznesalert.com/polish-briefing-the-energy-strategy-is-almost-ready-waiting-for-the-nuclear-power/ https://biznesalert.com/polish-briefing-the-energy-strategy-is-almost-ready-waiting-for-the-nuclear-power/#respond Fri, 18 May 2018 07:00:18 +0000 http://biznesalert.com/?p=2008 What goes on in Poland on the 18th of May. The energy strategy is almost ready. Waiting for the nuclear power? – The new version of energy policy, in the new time domain, is being prepared. However, there are still a few key elements missing – said Piotr Naimski, Government Plenipotentiary for Strategic Energy Infrastructure […]

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What goes on in Poland on the 18th of May.

The energy strategy is almost ready. Waiting for the nuclear power?

– The new version of energy policy, in the new time domain, is being prepared. However, there are still a few key elements missing – said Piotr Naimski, Government Plenipotentiary for Strategic Energy Infrastructure in the Sejm.

A joint meeting of the Energy and Treasury Committee and the Committee on Environmental Protection and Natural Resources and Forestry took place in the Sejm. Government Plenipotentiary for Strategic Energy Infrastructure, Piotr Naimski presented the assumptions of the bill amending the act on investments in the area of ​​the liquefied natural gas regasification terminal in Świnoujścieduring the first reading.

– The new version of energy policy, in the new time domain, is being prepared. I can say that the new version of energy policy is almost ready, there are several elements necessary to announce it and present it in its entirety, and this is the intention of the Minister of Energy, Krzysztof Tchórzewski. These necessary, few but very important elements will be decided in the coming months – said Naimski.

During the discussion, MP Krzysztof Gadowski from the Civic Platform pointed out that the talk about amending the regulations should start with the presentation of the gas strategy in Poland. Piotr Naimski agreed with this position and mentioned that a special session of the Energy and Treasury Committee would take place soon, during which a gas strategy would be presented and a discussion would take place.

Tauron will not withdraw from the nuclear project

Tauron remains a shareholder of the company responsible for the construction of a nuclear power plant in Poland – said the president of Tauron, Filip Grzegorczyk to journalists.

Let us remind you that during the 10th Economic Forum in Katowice, the minister of energy, Krzysztof Tchórzewski, stated that Tauron will not participate in the implementation of the nuclear project. – On the corporate level, the minister’s statement can be explained in that we learned about the approach of the dominant shareholder to the issue of Tauron Group’s involvement in the continuation of this undertaking – said CEO Grzegorczyk.

At the same time, he stressed that in the intra-corporate sphere there were no actions and changes that would require communication.

Asked by the BiznesAlert.pl journalist whether or not Tauron will remain a shareholder in PGE EJ1, he said yes. – As of today, we have a certificate of our dominant shareholder, which, of course, we take seriously into account. We have 10 percent of shares in the nuclear project, i.e. unchanged. I will not speculate how long this state will last. Tauron did not make any requests in this regard. The minister is responsible for energy policy, not the company. We will always adapt – announced the president of Tauron

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Pulaski Foundation: Gas Crisis Communication – Results of Interviews with Governmental and Civil Actors in Poland https://biznesalert.com/pulaski-foundation-gas-crisis-communication-results-of-interviews-with-governmental-and-civil-actors-in-poland/ https://biznesalert.com/pulaski-foundation-gas-crisis-communication-results-of-interviews-with-governmental-and-civil-actors-in-poland/#respond Wed, 16 May 2018 14:30:24 +0000 http://biznesalert.com/?p=2006 Civil actors perform an important role in strengthening the energy security. Those actors provide the tools to the researchers and educate the society through creating the information space. So, it is important that communication between governmental bodies and civil society actors really works. “Energy security and effective strategic communication between the civil and governmental actors: […]

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Civil actors perform an important role in strengthening the energy security. Those actors provide the tools to the researchers and educate the society through creating the information space. So, it is important that communication between governmental bodies and civil society actors really works. “Energy security and effective strategic communication between the civil and governmental actors: V4+Ukraine” is a project financed by International Visegrad Fund and implemented by Casimir Pulaski Foundation – writes Dr Natalia Slobodian, Research Fellow of Casimir Pulaski Foundation.

The project is two-folded. Firstly, it aimed to identify the existing communication interoperability problems between the governmental and civil levels. The second stage will contribute to a strengthening of the interacting capacity between multi-stakeholders in the case of an energy crisis. On the first level of research it was conducted the deep interview with officials and experts from Poland, Czech Republic, Slovakia, Hungary and Ukraine who closely works with energy security issues. In the wake, 14 Polish respondents were invited and 6 of them were interviewed, 2 respondents officially refused and 6 respondents prepared so-called “silent refusal”. The questionnaire consisted of 4 blocks: responsibility of energy security; analytics: what research do we need; the ways of communication among government, business, and civil society and finally, the platform of energy crisis communication V4+Ukraine.

It seems that all Polish respondents are solidarity that Ministry of Energy should be responsible for communication with other states of the region and also all respondents agreed with common responsibility both state and business for the energy security issues. It is worth noting that majority experts stressed that state should guarantee the sustainable development and stability of the energy sector using instruments of market and non-market influence through creating the friendly investment space. “The main goal of activities should create a legal framework for cooperation with market, but maintaining a certain state dominance”, – said one of the respondents.

Next, we asked our respondents to indicate the name of the institutions which reports they frequently read. All respondents have considered that the Centre for Eastern Studies (OSW in Polish version) offers the best regional analytics. Also, it was mentioned PISM, Pulaski Policy Papers and the official reports as well as statistics. Bruegel, BBC and Oxford University analytics are more popular between global centers and the majority of Polish respondents very seldom read the research papers of American think tanks. At once, nobody of Polish respondents mentioned the analytics of Visegrad think tanks.

When we talked about the quality, values and lacks of analytical reports research papers fresh ideas, specific information which are not available in press or Internet, analysis of local problem through global context (for example, Nord Stream 2) and using scenario-approach were highlighted like the values. Unfortunately, our respondents pointed out the lacks of research papers between them incomprehensible methodology, without information about sources or statistics, just local focus and as a result lack of a regional approach and finally, many experts prefer to talk a lot about history of problem but there isn’t any forecast.

We tried to draw how should look like the ideal analytics from the point of view Polish respondents: no more than 5 pages (2-3 pages); to highlight key words and ideas; to use facts, statistics, and arguments; to specify data sources and to make a forecast or give recommendations in the summary. One of the respondent emphasized that Polish analytics has become stronger. 10 years ago, many Polish analysts had deal with energy, economy, internal policy issues simultaneously, however now they have very strong specialization and the quality has become better.

Last but not least, we tried to indicate the current channel and style of communication between government, business and civil society. In the summary, we have the next picture: from one hand, government bodies prefer to communicate with national think tanks, dominantly through conferences and meetings but from the other hand, the experts pointed out the lack of regular contacts with Ministry of Energy and episodic cooperation with Polish energy companies. As well it was mentioned long distains between civil society and governmental bodies. In the meantime, one of the respondent noted that energy companies prefer to cooperate with think tanks with focus on PR-activity, for example, if they need to post some messages.

And finally, we asked our respondents about their opinion regarding existing fora on the regional and EU level as well as their vision of the Visegrad energy crisis platform. It seems that majority of respondents believe that there is enough institutional possibility for transparency energy dialogue both regional and European level. However, they are sure that in the case of emerging situation it should be established so-called alarm channel of communication on the expert’s level in the framework of platform “V4+”. They are confident that it should be Visegrad+ platform involving experts from other countries who have a rich research expertise in the Eastern Europe energy policy. “My commitment we should involve third actors in the platform aiming to make better analysis (USA, Japan, Germany, Austrian etc). Synergy of communication is my logic”, – underlined one of the respondents.

In conclusion, it is worth noting, there is a huge interest in Poland to develop national and regional communication in energy security. Nonetheless, it should be improved the communication between Ministry of Energy and civil society actors. Simultaneously, it should change of reporting scope from national to regional and develop policy dialogue on advanced topics in a scenario without the “gas mystery”.

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Polish Briefing: There is no dispute over Baltic Pipe. Route in June https://biznesalert.com/polish-briefing-there-is-no-dispute-over-baltic-pipe-route-in-june/ https://biznesalert.com/polish-briefing-there-is-no-dispute-over-baltic-pipe-route-in-june/#respond Wed, 16 May 2018 07:00:02 +0000 http://biznesalert.com/?p=2004 What goes on in Poland on the 16th of May. There is no dispute over Baltic Pipe. Route in June During the European Economic Congress 2018, the government plenipotentiary for strategic energy infrastructure Piotr Naimski informed journalists that the territorial dispute between Poland and Denmark had been resolved, and the route of Baltic Pipe will […]

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What goes on in Poland on the 16th of May.

There is no dispute over Baltic Pipe. Route in June

During the European Economic Congress 2018, the government plenipotentiary for strategic energy infrastructure Piotr Naimski informed journalists that the territorial dispute between Poland and Denmark had been resolved, and the route of Baltic Pipe will be determined in June.

– The gray zone problem does not exist. This has been resolved – assured the minister.

He added that the gas pipeline project from Norway, through Denmark, to Poland has all the licenses for geophysical and geotechnical research in Sweden, Denmark and Germany. – Everything is going according to the schedule – added a representative of the government. After recent geophysical and geotechnical investigations it will be possible to set a route, which according to the minister will take place in June. After the last tests have been made, the route will be finally selected.

The Baltic Pipe project envisages the construction of a gas pipeline from gas fields in Norway to Poland with an annual throughput of 10 billion cubic meters. It would be created by October 2022.

PGNiG looks at the “virtual gas pipelines” of LNG from the USA. Will it enter the field?

During the European Economic Congress 2018 in Katowice, Fred Hutchinson, president of LNG Allies, said that although Poland is not the largest market for American LNG, it remains in the orbit of interest of American companies.

– We are now at the point where, if we do not expand the LNG infrastructure, global prices of this raw material will rapidly increase through the continuous increase in demand. In the USA, in contrast to Qatar, Australia, Iran or Russia, you can reserve volumes, in fact creating something like “virtual LNG gas pipelines”. Gaz-System and PGNiG are watching this – he said.

According to BiznesAlert.pl, PGNiG is considering acquiring natural gas in the USA. This would allow cheaper to obtain the raw material, and thus lower the price of imported liquefied gas. Thanks to this, PGNiG could develop global trade in liquefied gas and compete its price on the European market.

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Gas energy with Gazprom is a threat of blackout. Baltic Pipe will change it https://biznesalert.com/wozniak-pgnig-european-economic-congress-baltic-pipe/ https://biznesalert.com/wozniak-pgnig-european-economic-congress-baltic-pipe/#respond Tue, 15 May 2018 09:00:21 +0000 http://biznesalert.com/?p=2000 Energy industry is increasingly choosing gas. PGNiG wants to ensure market conditions of supply so that the development of gas energy will not end in blackout. The President of PGNiG Piotr Woźniak said at the European Economic Congress in Katowice that because of one contract with Russian Gazprom, his company can not use “all market […]

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Energy industry is increasingly choosing gas. PGNiG wants to ensure market conditions of supply so that the development of gas energy will not end in blackout.

The President of PGNiG Piotr Woźniak said at the European Economic Congress in Katowice that because of one contract with Russian Gazprom, his company can not use “all market freedoms” that other companies in Europe, especially the Western ones enjoy.

– No jokes. Within two years from 2015 to 2017, the gas market in Poland increased by almost 2 billion cubic meters annually from 15,3 to 17 billion cubic meters. This year is growing even more dynamically. Such market growth has not been recorded anywhere in Europe for years – said Woźniak. In his opinion, there is an organic increase in consumption and electricity, which has made a number of decisions about new gas blocks. It is about investments of PKN Orlen in Włocławek and Płock and in Dolna Odra belonging to PGE.

– We need to bring order to the gas supply system. Poland does not have any deposits that could be launched. We do what we can as PGNiG – said Woźniak. – The market will rise above it. We need to refine the market rules of gas trading and market access to external resources, because domestic ones are not enough, in a good algorithm, so that we do not have to bear consequences in the event of any market disturbance.

– You do not know about all delivery problems because there was no need to do so. If there is a shortage of gas, it is missing for the industry that uses it as a raw material. At the moment when it would run out of gas in units generating electricity, we are dealing with a blackout, and this can not be allowed under any circumstances. We are on the right track – convinced the panelist, mentioning the Baltic Pipe project, which will be independent of the traditional supplier, the Russian Gazprom.

– A final investment decision is to be made this year. From that moment until 2022, we will be able to provide systemic deliveries from suppliers who have no supply interruptions in their history, as in the case of suppliers in the North Sea – said Woźniak.

– It will be Polish gas. It will always be cheaper than another gas in international circulation – he concluded. According to the CEO, Russian Gazprom “mocks Baltic Pipe”, but this project is to ensure “competitive gas prices” that will allow the company to compete in the market deprived of the last non-market factor, i.e. the Yamal contract with the Russian supplier.

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EEC 2018: Testing times for Europe. It had already been better https://biznesalert.com/eec-2018-katowice-van-rompuy-buzek-papandreu/ https://biznesalert.com/eec-2018-katowice-van-rompuy-buzek-papandreu/#respond Tue, 15 May 2018 08:00:09 +0000 http://biznesalert.com/?p=2002 – Ten years ago in Katowice, we were wondering how to solve the biggest challenges for Europe. This topic is endless. Today we know that the European economy must be competitive on the global market – said Jerzy Buzek inaugurating the jubilee 10th European Economic Congress. In the panel opening this even,t visions of the […]

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– Ten years ago in Katowice, we were wondering how to solve the biggest challenges for Europe. This topic is endless. Today we know that the European economy must be competitive on the global market – said Jerzy Buzek inaugurating the jubilee 10th European Economic Congress. In the panel opening this even,t visions of the future of Europe were made by European politicians: former Prime Minister and President of the European Parliament Jerzy Buzek, Minister of Foreign Affairs Jacek Czaputowicz, former Greek Prime Minister George Papandreou, former Prime Minister of Slovakia Iveta Radičová, former President of the European Council Herman Van Rompuy and former Prime Minister Finland and the current vice president of the European Investment Bank Alexander Stubb.

Matters of life and death

– In 10 years we can say that we have solved Europe’s biggest problems. Repairing the economy can not take place without honest debate. On the one hand, politicians can not “disturb” entrepreneurs, but we are also obliged to demonopolize the economy – said Prime Minister Jerzy Buzek at the start of the panel “Our new Europe”. Its main topic was the current challenges facing Europe – the crisis in relations with the US, Brexit and the rise of eurosceptic attitudes.

– We have survived the existential crisis in the eurozone. It was a matter of life and death for us. We also managed to maintain political stability after the refugee crisis. This gives us hope for the future – Herman Van Rompuy began. He emphasized that relations with Europe’s neighbors, Africa and Asia, where rapid demographic and economic changes occur, would be an important issue in the future. – We need leadership and unity when it comes to talking about the will of Great Britain to leave the European Union, about trade wars or imposing sanctions on Russia – he said.

More public control

Greece’s former prime minister George Papandreou recalled the financial problems of his country from a few years ago. – We need more Europe in Europe if we want to face today’s and tomorrow’s challenges. After the fall of communism, we believed in the market like in god. In the meantime, we need to find a balance between solidarity and the market. Now the biggest challenge for democracy are economic inequalities – said the politician. He pointed out that the threat is too much concentration of power and weakness of control on the part of the society. – We must oppose ‘fake news’, demagogy and xenophobia. In a globalized world, there are no more islands, nor is Great Britain – said Papandreou.

– The greatest threat to contemporary Europe is the contradiction of the interests of global markets and democratic societies. Another challenge is the identity crisis – societies are polarized, searching for public enemies, and the political dispute appeals to emotions. So we are looking for those who have recipes for problems, no matter if they are right. That is why the politics today remind of supporting sport clubs – said former Slovak Prime Minister Iveta Radičová. She recognized “specific people from the banking sector who made irresponsible decisions” guilty of the financial crisis. The hall responded with applause.

What about the euro zone?

The next speaker was the former prime minister of Finland Alexander Stubb. Now as a board member of the European Investment Bank, he focused on creating new opportunities for European entrepreneurs. – When I took office in 2008, everything started to go wrong. War in Georgia, economic crisis, refugee crisis. After my departure from the government in 2016, the Finnish economy began to cope well – a guest from Finland quipped. He said that the crises that Europe is struggling with are a great opportunity to learn.

– The EIB is the largest bank in the world. Now we are focusing on implementing the Juncker plan, but we are rather contractors than the creators of financial policy. We turn by gigantic means, many of which go to Poland – said a guest from Finland. According to him, the European Union is based on liberal democracy, social market economy and globalization. – 2016 was a breakthrough year because of Brexit and the election of Donald Trump as the president of the USA. After the withdrawal of the United States from Europe, a vacuum on security issues was created, which we must refill as the European Union and I think that we will manage to do that. Let’s end with the divisions and let us think what we can do together for Europe – said Stubb.

Foreign Minister Jacek Czaputowicz referred to the danger of the so-called “Two-speed union”. – The euro zone needs reform, we want its problems to end. The European Union must be competitive so that its importance in the world grows and becomes a model for the rest of the world. It is also necessary to ensure that the free movement of goods, capital, services and people is not disturbed, which unfortunately happens in some Western European countries – said the representative of the Polish government.

– The euro area is a political project whose goal was to build the unity of Europe. We’ve dealt with its crisis. The euro is the second most important, after the US dollar, currency in the world. 75 percent of Europeans use the euro every day. If Poland wants to be in the core of the European Union, it will have to become a member of the eurozone sooner or later – said Van Rompuy later in the debate. – Talking about “young democracies” is not a good explanation of political mistakes for me. Italy was barely a five-year democracy when they co-created the European Community. German democracy was only 12 years old when Germany joined the European structures. All European democracies are young – he added.

It had already been better

Should the goals of European integration be redefined? The former Prime Minister of Slovakia Iveta Radičová tried to answer this question: – After the Second World War, the goals of European integration were more clear than today. At that time, it was mainly about ensuring prosperity and peace. Today we can focus on the citizen, because a happy citizen is a stable European Union – she said. Greece’s former prime minister, George Papandreu, insisted on economic transformation and the fight against corruption. – Democracy must be constantly fought for. We must defend our core values, like a tripartite power – said the politician. Minister Czaputowicz also summed up the conversation: – The union of two speeds is a de facto division of the Union. Therefore, all countries should be treated equally – he said.

– 15 years ago, we also had huge problems in Europe. Regardless of the level of power, we need to create new jobs, fight against global warming and terrorism. For this, we will need to find a new balance. Central and Eastern Europe was a region that suffered especially, but today we should focus on what unites us – the former European Council President Herman Van Rompuy concluded the debate.

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Polish Briefing: COP24 is a chance for Poland. The capacity market will stabilize RES https://biznesalert.com/polish-briefing-cop24-is-a-chance-for-poland-the-capacity-market-will-stabilize-res/ https://biznesalert.com/polish-briefing-cop24-is-a-chance-for-poland-the-capacity-market-will-stabilize-res/#respond Tue, 15 May 2018 07:00:11 +0000 http://biznesalert.com/?p=1998 What goes on in Poland on the 15th of May. Energy as health. The capacity market will stabilize RES According to the minister of energy, one should invest in energy like in the healthcare system. The capacity market support is to guarantee a stable energy transformation in Poland. – We must be sure that the […]

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What goes on in Poland on the 15th of May.

Energy as health. The capacity market will stabilize RES

According to the minister of energy, one should invest in energy like in the healthcare system. The capacity market support is to guarantee a stable energy transformation in Poland.

– We must be sure that the light in this room will not go out, or the problem will be quickly removed – said Minister of Energy Krzysztof Tchórzewski at the European Economic Congress in Katowice. In this way, he referred to the priorities of Poland’s energy policy, among which, according to the minister security is the most basic one.

– We face a big challenge. Like every fight for health, ours is expensive. If we say that the budget for health must be large, because we are a well-developed country to fight for a man to enjoy the world as long as possible, then the fight against emissions and smog has its costs too – said the minister. In his opinion, the economy must bear the costs of removing the generation gap caused by energy transition.

– Hence our gratitude to the European Commission for notifying the capacity market. We will be able to incorporate conventional sources when RES can not produce energy. Thanks to this, the opportunity to invest and build a wider range of renewable energy sources opens up in Poland. We solve the problem of reserve through the capacity market – said the politician.
He also referred to allegations of lack of sympathy of his department for RES. – That is not true – he said. – It’s like a sanatorium. Some can afford the choice of the best resort, while others can not. We also want to use RES, but to the extent that we can afford – he argued.

Kurtyka: COP 24 is a chance for Poland. Our attitude is constructive

Minister Michał Kurtyka, a government plenipotentiary for the COP24 climate summit (which is to take place in autumn in Katowice) appeared at the European Economic Congress of 2018.

– I noticed a very large community of views in which states do not diverge, but recognize the common need to take action – Kurtyka said. – The fact that Katowice will host the COP conference for the third time and will be the next COP after Paris, which will take place in the European Union, will be a chance for Poland to show itself in the world. It is also a chance to achieve a global consensus.

– The subject of discussion in the European Union is the manner of achieving goals by 2030. The position of Poland is constructive. In the vote on the ETS directive (European Emissions Trading System – editor’s note) we have adopted a neutral position, but when it comes to renewable energy or the winter package, we voted for it. We are able to find a path in which we are able to agree – Kurtyka declared.

He was asked if there is a risk that Poland will not achieve its climate policy goals by 2020 with the goal of RES participation in the energy mix at 15 percent. – I hope not. We are voting on the RES Act in the Sejm. We know that something needs to be done. We will strive to meet these obligations. 2020 is in a while, but it should be viewed in the perspective of the next trajectory, that is 2030 – he added.

– Climate policy affects a much wider range of problems. Refers to emissions and removals from soils, agriculture, but also transport and buildings. We have a much wider scope for action – the minister said. – We were able to find constructive solutions in the energy sector, I will now participate in environmental discussions – he concluded.

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All Poles will feel Trump’s movement on Iran https://biznesalert.com/all-poles-will-feel-trumps-movement-on-iran/ https://biznesalert.com/all-poles-will-feel-trumps-movement-on-iran/#respond Mon, 14 May 2018 08:00:18 +0000 http://biznesalert.com/?p=1994 Better safe than sorry. In January 2017, I wrote that although Iran is tempting Poland, Polish companies are cautious. Donald Trump confirmed their fears announcing the withdrawal of the US from the nuclear agreement with Iran. All Poles will feel the indirect effects of his decisions at gas stations – says Wojciech Jakóbik, editor-in-chief of […]

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Better safe than sorry. In January 2017, I wrote that although Iran is tempting Poland, Polish companies are cautious. Donald Trump confirmed their fears announcing the withdrawal of the US from the nuclear agreement with Iran. All Poles will feel the indirect effects of his decisions at gas stations – says Wojciech Jakóbik, editor-in-chief of BiznesAlert.pl.

Polish companies have been cautious

– Currently, it is expected that US decisions will have limited impact on the activities of Polish companies that have stopped and significantly reduced their activities in Iran due to ambiguity regarding the future of the agreement and the growing caution of the banking sector towards cooperation with Iran. According to the knowledge currently held by the Ministry of Foreign Affairs or PGNIG, Orlen did not sign long-term contracts with Iranian suppliers – summarizes the Ministry of Foreign Affairs.

Polish companies may be disappointed with the loss of prospects for signing such contracts. – It’s a pity, because the prospects for cooperation were good – one of the company managers interested in oil supplies from Iran tells us.

This time it will be harder to block oil

Although Bloomberg argues that big players are already packing up, sanctions on oil trade will only take effect in six months, which gives room for maneuver. Europeans argue that a nuclear agreement should be maintained and the Americans are counting on a new deal. It may be possible to reach a consensus that will push back the specter of cuts in supplies from Iran.
In addition, the European Union and Asia will not necessarily follow the Americans this time.

Poland is on the side of Europe. According to the Ministry of Foreign Affairs, the decision of the US to withdraw from a nuclear agreement with Iran and reinstate sanctions against that country will not threaten companies from the Polish energy and fuel sector.

– Both the US and the European Union are guided by the same goal – ensuring that the Iranian nuclear program is purely peaceful. We share the opinion of the European Union that the JCPOA agreement (the so-called nuclear agreement – editorial note) has had positive effects, is important for the security of the region and Europe and should be implemented entirely by all sides – the press office of the Ministry of Foreign Affairs has provided.

– Poland has been in diplomatic relations with Iran for over 540 years. Minister Jacek Czaputowicz talked during his stay in New York with the Minister of Foreign Affairs of Iran, Mohammed Dżafar Zarif. We are observing the comments of the Iranian authorities with care and we will monitor further developments in this country and in the region – adds the ministry in response to the questions of BiznesAlert.pl.

Iran is working on a new oil species that will not have to be mixed up with others. It is about the resource from the West Karoun field, which is to ensure delivery from May or June this year. The first deliveries from this source are to be offered on the spot, because the quality of the new species remains to be decided. This may be a way to sell Iranian oil, despite possible Western sanctions, which would exclude mixing of raw material with blends of Western companies.

Fears of the market

The daily RBK reports that according to the Bank of America Merill Lynch, the price of oil can go up to $100 a barrel. It currently costs about $75 a barrel, but its value increases with increasing political tension and demand.

The bank warns that changes in demand and supply may end with a “significant deficit” in the next 18 months. The deficit in 2018 may reach 630,000 barrels a day and 300,000 barrels a day in 2019. The reason is to maintain the OPEC+ oil agreement, the problems of extraction in Venezuela and the announced return of US sanctions against Iran, which may limit the supply of oil from this country.

The bank’s current official forecast assumes $ 70 / barrel in 2018 and $ 75 in 2019. After the decision of US President Donald Trump to leave the nuclear agreement, Secretary of State Steven Mnuchin appealed to companies extracting oil to increase production.

This means that even if the blackest scenario from the point of view of importers does not come true, we will all soon feel the decision of Donald Trump at the gas stations. Even if market fears do not come true, they already affect the price of the barrel.

It’s time to justify the return

At the same time, it is worth remembering that the USA was based on the alleged evidence that Iran was close to acquiring nuclear weapons. If confirmed, action to stop the Ayatollah regime from doing so would be advisable. For now, however, Washington has stopped at the stage of verbal assurances that such evidence exists and is held by Israel. The American phrase is criticized in Polish and Russian nationalist portals promoting the “fight against Zionism” of Israel, which usually promote the Kremlin’s point of view. In this way, they contribute to the deepening of divisions in the West, strengthened by Trump’s decision, which was actually meant by Tel Aviv. If there is evidence that it was necessary, it should be presented as soon as possible.

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