GAS.

PGNiG admitted that the target share of the company’s own gas output in its booked capacity for the Baltic Pipe will be achieved later than previously expected. This may be caused by the difficult economic situation in the sector. The missing amount is to be delivered thanks to new gas contracts, which reportedly there will […]

PGNiG Upstream Norway has signed an agreement with A/S Norske Shell to acquire interests in Kvitebjørn and Valemon, two producing fields in the North Sea. Following the transaction, the PGNiG Group’s own gas production in Norway will increase to 0.9 bcm in 2021, up 45% on 2019.

States and institutions that have come under pressure to stop the contentious Nord Stream 2 treat this issue like a hot potato and don’t want to take responsibility for its fate. That fate still depends on Germany, which should give the European Union a green light to take action – writes Wojciech Jakóbik, editor in […]

Akademik Cherskiy, the Russian ship that will complete the construction of Nord Stream 2 has been docked in Germany at the Mukran port since 8 May. We managed to ascertain what is happening to it, and when it will be able to resume construction of the gas pipeline – Mariusz Marszałkowski, journalist at BiznesAlert.pl, writes.

„We need to start with business parameters. We want to have the most up to date knowledge about the market to make our plans. For instance, if the demand will be at 7 bcm a year, then I will offer such capacity from the get go,” Tomasz Stępień, CEO of GAZ-SYSTEM, said about the plans […]

„Everybody has their opinion on the future of Nord Stream 2, but the Akademik Cherskiy is being prepared as if it is to set out to the Baltic tomorrow,” Agata Skrzypczyk writes in a report for BiznesAlert.pl. „I managed to unofficially ascertain that the ship needs at least a month worth of work before it […]

Gazprom has recorded an almost 20-fold drop in net profits, while its revenue in the first quarter of 2020 slumped by 30 percent in comparison to the same period last year. Despite that, the company’s board has not lost its spirit and is expecting a frosty winter, which will disperse the „black swans” and make […]

The dispute over Nord Stream 2 is approaching its culmination just days before it seems like the works on the final section of this controversial project may start. If its opponents fail to block the construction, they may still manage to prevent gas transmission via the pipe. And their voice is being heard louder and […]

A few days after we published articles on the misinformation in defence of Nord Stream 2, it turned out that the EU states did not make a demarche against U.S. sanctions against the project. The opinions remain split and Russia’s allies in Europe are trying to defend the investment with EU tools – writes Wojciech […]

Is Germany abusing EU tools to defend Nord Stream 2? If yes, it is giving the anti-European forces a new argument against integration – writes Wojciech Jakóbik, editor in chief at BiznesAlert.pl.