Poland: Baltic Pipe gas project to become operational by 2022

15/03/2017 11:13 Natural Gas

news

Poland's state-run oil and gas firm PGNiG is convinced that a new pipeline system to import gas from Norway via Denmark and the Baltic Sea will be ready by 2022.

The gas link, called Baltic Pipe project, is designed to reduce Polish gas dependence on gas supplies from Russian gas giant Gazprom.

 

Poland consumes around 16 bcm of gas annually and PGNiG would like to replace gas imports from Gazprom with gas from Norway and liquefied natural gas (LNG) supplies.

 

PGNiG is expected to have an important role. The company currently extracts around 0.5 billion cubic metres a year in Norway, and plans to raise this to 2-2.5 billion cubic metres by 2022.

 

An LNG terminal was inaugurated earlier this year, allowing Poland to import gas from Qatar.

 

COVID-19: Iberdrola ‘will stick to 9GW expansion plan’

03/04/2020 10:30:00

Renewables heavyweight Iberdrola will stick to its investment strategy to build 9GW of new capacity over the coming years and is accelerating €3.8bn in procurement orders to support the supply chain during the COVID-19 pandemic.

<READ MORE

Daily (02.04.2019): British gas prices near 2009 lows on Wednesday, due to weak demand

02/04/2020 11:30:00

Crude oil prices were bearish on Wednesday, weighed by a steep rise in U.S. crude inventories last week, the biggest weekly rise since 2016, while gasoline demand continued to decline. Consequently, Brent crude for June delivery traded 6.1% lower at $24.74 a barrel. Similarly, WTI futures slid by 0.8% to $20.30 a barrel.

READ MORE

Germany 'closes in' on 2020 renewables goal

02/04/2020 09:49:00

Germany is likely to achieve its binding EU renewable target for 2020, according to the latest figures from the country's federal environment agency.

READ MORE