Equinor and PGNiG agree to supply gas for ten years

Norwegian Equinor and Polish PGNiG have signed a contract whereby a Norwegian oil and gas company will supply Polish company with 2.4 billion cubic meters of gas annually for 10 years, Equinor said in a press release.

“The contract is designed for 10 years with a volume of about 2.4 billion cubic meters of gas per year, which will be exported under the new Baltic Pipe,” – said in a statement.

The company notes that the Baltic Pipe project connects the Norwegian gas export system with Poland via Denmark and facilitates the flow of Norwegian pipeline gas to Poland. The volumes under the new long-term agreement are equivalent to about 15% of Poland’s normal annual gas consumption. The agreement is valid from 1 January 2023 until 1 January 2033.

The Baltic Pipe project is connected to the Norwegian gas transportation system, with the Danish transmission system operator (TSO) Energinet responsible for the components in the Danish territory, and the Polish TSO Gaz-System for the section between Denmark and Poland.

The Equinor Energy Group was founded in 1972 and was called Statoil until May 2018. The company operates in more than 30 countries. The largest shareholder is Norway.