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PGNiG: Poland’s LNG imports on the rise

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LNG Industry,

According to PGNiG, the Polish state-controlled oil and gas company, natural gas consumption in the country is increasing, with LNG accounting for nearly 20% of imports between January and August this year.

Natural gas from Russia accounted for approximately 74% of imports during the period.

Compared to a similar period in 2017, between January-August 2018 imports of LNG have risen by nearly 64%, while imports of natural gas from Russia have increased by approximately 7%.

Apart from natural gas extraction in Poland, which covers around a quarter of Polish demand, the company is importing growing volumes of natural gas from an increasing number of countries (Qatar, USA, and Norway). Natural gas imports are on the rise in response to a rapid growth in domestic demand: natural gas consumption in Poland rose from 15 billion m3 in 2015 to 17 billion m3 in 2017.

PGNiG is aiming to diversify sources and lines of natural gas supply, and has also been preparing for supplying the Polish market with natural gas extracted in the Norwegian Continental Shelf: from the end of 2022 it will flow through the Baltic Pipe spanning across the North Sea, Denmark, and the Baltic Sea.

Under multi-year contracts currently being prepared, beginning from 2022, PGNiG will have an annual portfolio of over 4 million t of LNG coming from the US (approximately 5.5 billion m3 following regasification).

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LNG import news