Polish Oil and Gas Company (PGNiG) and Cheniere Marketing International LLP have signed a long-term agreement for supplies of liquefied natural gas from the USA.

The gas reserves of the Fogelberg field are estimated at between 7 and 14 bcm. The start of commercial production is in line with the plans of PGNiG as the company seeks to increase the production of natural gas in Norway in order to supply it via the Baltic Pipe to Poland.

PGNiG Upstream Norway AS, part of the PGNiG SA Group, signed a sales and purchase agreement with Equinor (formerly Statoil) to buy into the Tommeliten Alpha gas and condensate field, located in the southern part of the Norwegian Continental Shelf in the greater Ekofisk Area. The transaction marks a next step in the implementation of the PGNiG Group's strategy and will allow for a significant increase in natural gas production outside Poland.

For a 20-year term, Polish Oil and Gas Company (PGNiG) will receive liquefied natural gas from the USA for domestic customers or for resale. Under the agreements, PGNiG will purchase LNG on a free on board (FOB) basis starting from the commercial operation date of the Venture Global Calcasieu Pass LNG export facility, currently expected in 2022, and the commercial operation date of the Venture Global Plaquemines LNG export facility, currently expected in 2023.

The increased gas output will benefit the CHP plants in Gorzów Wielkopolski and Zielona Góra, supplying heat and electricity to local households and businesses. With new investment projects under way, more residents of the Zielona Góra province will gain access to the gas distribution network.

Within the next 5 years, natural gas extraction in Podkarpacie Region is set to rise by 28 per cent to 1.75 billion m³ a year, estimates Polish Oil and Gas Company (PGNiG SA). The new deposits will boost Polish energy security and contribute to regional development.

Basing on confirmed reports, the Company informs that between January-August 2018, LNG accounted for nearly 20 percent of imports, while natural gas from Russia accounted for ca. 74 percent of imports.

Polish Oil and Gas Company (PGNiG) and Energy Resources of Ukraine will supply natural gas to Ukrtransgaz, a gas transmission network and storage facilities operator.

Arbitration Court in Stockholm informed that Gazprom challenged its partial award from 30 June, in which it agreed with PGNiG that the Company has contractual grounds to request a change in prices charged by Gazprom for natural gas supplied to Poland under the Yamal Contract.

PGNiG SA and Ukrtransgaz renewed the agreement for the storage of natural gas in Ukrainian underground gas storage facilities.