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Polish Briefing 11 September, 2018 9:00 am   
Editorial staff

Polish Briefing: PGNiG to replace Yamal contract with Baltic Pipe. Baltic Pipe is a win-win for everyone

What goes on in Poland on the 11th of September.

PGNiG wants to replace the Jamal contract with supplies from Baltic Pipe

The CEO of PGNiG confirmed that Poland wants to replace Russian gas supplies with imports from Norway via Baltic Pipe.

He confirmed that in 2022 the Yamal contract with Gazprom is about to end, so the goal will be to “replace” Russian supplies with a contract for Norwegian gas. – We have four more years to complete our portfolio – he said. Nonetheless, PGNiG is to be “picky” in the concession policy in the North Sea.

In his opinion, Russian gas for Poland is “extremely expensive”, and supplies from Norway are to be competitive. The arbitration proceedings of PGNiG-Gazprom, which Woźniak believes will end by the end of the year and end with a “significant reduction”, are in progress. However, the company’s goal is to get direct access to gas from another source.

EC: Baltic Pipe is a win-win for everyone

The European Commission supports the Baltic Pipe project. In an interview with BiznesAlert.pl, EC representative ensures that the gas pipeline from Norway through Denmark to Poland will benefit all parties involved, and thus also the European Union.

– It is very important that Europeans are best connected. Baltic Pipe will provide Norwegian gas in Poland and will give Denmark access to the gas market in Poland. Energy security will increase. There will be more gas in the transmission system, which will make this resource cheaper. It will also ensure lower greenhouse gas emissions. All this is in line with the objectives of the European Commission included in the Clean Energy package for all Europeans (winter package – editorial note) – said Stina Soewarta, chairwoman of the European Commission Representation in Denmark.

The European Commission financially supported preparations for the construction of the Baltic Pipe. Further financial support from the European Commission for the project will depend on the new EU budget.