GAS 15 November, 2019 10:13 am   
Editorial staff

PGNiG decided to finish cooperation with Gazprom after 2022

The Management Board of PGNiG announced that on November 15, 2019, after obtaining the required corporate approvals, it submitted to PAO Gazprom and OOO Gazprom Export a declaration of will to terminate the contract for the purchase and sale of natural gas to the Republic of Poland of September 25, 1996.

According to the provisions of the Contract, the sides to the contract are obliged to submit a declaration regarding further cooperation after 2022, three years before the planned end of its validity on December 31, 2022.

In the opinion of the PGNiG Management Board, the activities undertaken so far by the PGNiG Group to diversify directions of gas acquisition to Poland after 2022, implemented in accordance with the current Strategy of the PGNiG Group for 2017-2022 with a perspective until 2026, in particular, contracting LNG supplies, acquisitions of natural gas deposits in the North Sea and activities carried out by the transmission system operator in the scope of developing the transmission system are appropriate to ensure the energy security of the country and allow the completion of the Yamal Contract in accordance with its provisions.

“In line with the Republic of Poland’s aspiration to achieve security of energy supplies and seeking to deliver the PGNiG Group’s current strategy, over the past four years we have taken a number of important steps to diversify the sources of natural gas supply to Poland. We have concluded long-term LNG supply contracts and have been acquiring natural gas deposits on the Norwegian Continental Shelf, which, combined with the activities of the transmission system operator to expand the gas pipeline system, makes it possible for us to terminate the Yamal Contract on the originally set date,” said Piotr Woźniak, President of the PGNiG Management Board.

Polish Press Agency/PGNiG