Tuesday, May 31, 2016

PGNiG intends to build gas import portfolio of LNG, west and north of Europe – Banker

PGNiG intends in the near future to resist portfolio import gas to supply LNG supplies from the west and north of Europe, which are offered on stable market conditions – announced on Tuesday PAP press office of the Polish Mining Oil and Gas.

 

On Monday, Secretary of State in the Chancellery and the government plenipotentiary. Strategic Energy Infrastructure Piotr Naimski announced that Poland does not plan to renew the long-term agreement on gas supplies from Russia. As pointed out on Tuesday, the gas company, long-term contract on gas supplies between PGNiG and Gazprom Export until the end of 2022.

 

“We will aim for a situation where long-term contract becomes a thing of the past. If the price of Russian gas will be competitive enough, we do not exclude the purchase, but definitely not as part of a long-term contract” – said Naimski at the summit investments in Eastern Europe in Warsaw office told Reuters.

 

The information sent by the PAP PGNiG stressed that “the strategic goal of PGNiG, in line with the policy of the Polish government, is the real diversification of sources and directions of supplies of imported gas.”


 

“PGNiG intends in the near future to resist portfolio import gas to supply LNG supplies from the west and north of Europe, which are offered on stable market conditions,” – said in a statement. As indicated by the Polish company currently dominant in the portfolio PGNiG deliveries from Gazprom Export “are offered at prices significantly higher than prices on the European market.”

 

“In this regard, takes place at the request of PGNiG proceedings before the Court of Arbitration in Stockholm” – indicates PGNiG. It also recalled that in June this year. will go to the Polish first commercial cargo of LNG from Qatar and Norway.

 

“PGNiG is also interested in using the planned merger of gas pipeline from Norway, which will be imported gas extracted from deposits belonging to PGNiG on the Norwegian Continental Shelf” – we read.


 

Gazprom expressed surprise saying Piotr Naimski.


 

On Tuesday, at a press conference in Moscow, Gazprom vice president Alexander Medvedev said that he is known for this declaration, but that it is surprised.


 

“Everyone, of course, must choose, as will buy gas and secured the competitiveness of the economy” – said Medvedev. “But I want to remind that recently supplies have been increased at the request of Polish” – he stressed. “Besides, a large part of Polish territory has not yet been supplied with gas and conducted his time talking with Polish colleagues on how to provide for the needs related to the lack of gas in large parts of the country,” – he added.


 

Medvedev warned that the current contract is implemented and the raw material is supplied in accordance with its terms. “A lot was said about the fact that the American liquefied gas LNG is a panacea for Russian gas,” – said the deputy head of Gazprom. “There was a lot uproar around the departure of the American oil tanker to Europe (…). However, an American tanker + air + pooddychawszy price in Europe, sailed from Portugal in another place,” – he said, suggesting that the US export LNG to Europe is unprofitable.

 

Standing at the head of the export arm of the group – Gazprom Export – Jelena Burmistrowa said in turn that “politicians change very often, and the citizens will make a decision based on the principle of economic rationality.” She expressed the opinion that logistics and geography of supplies from Russia will always be competitive.


 

Referring to the arbitration proceedings initiated by the Polish side, Medvedev said that “the start does not mean interruption of the talks.” “If you ask me whether there is a possibility niearbitrażowego regulate the price, I answer, that there is” – he added.


 

PGNiG filed Feb. 1, 2016 r. A lawsuit against the companies Gazprom and Gazprom Export in the proceedings before the Court of Arbitration based in Stockholm. As for gas prices in long-term contract. As explained gas company, led by its activities are aimed at “adjusting the long-term contract from 1996. The situation on the European gas market.” (PAP)

 

jzi / par / ace /

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