16:57 10.01.2018

PGNiG delivers more than 700 mcm of gas to Ukraine in 2017

PGNiG delivers more than 700 mcm of gas to Ukraine in 2017

The Polish oil and gas company PGNiG in 2017 supplied more than 700 million cubic meters (mcm) of gas to Ukraine, which is twice as high as in 2016.

According to a press release, in the period from August 2016 to December 2017 the company supplied more than 1 billion cubic meters of gas to the Ukrainian market.

According to PGNiG Vice President Maciej Wozniak, this result was achieved due to the flexible price policy and reliability of the Polish company as a supplier.

"The gas portfolio in our proposal is well diversified: it comes from our domestic production in Poland and various import directions," he said.

The expert said in January-September 2017 some 12% of gas imports by the company were deliveries through the LNG terminal in Swinoujscie mainly from Qatar, Norway and the United States. At the same time, PGNiG intends to abandon gas imports from Russia after 2022, when the long-term contract with Gazprom expires.

He added the company is ready to increase gas exports to Ukraine, but for this it is necessary to expand the capacity for gas transportation between the countries. PGNiG is also ready to use the existing cross-border capacities to start virtual reverse gas supplies to Ukraine, but this option is blocked by Russia's Gazprom, which refuses providing shipper codes (Naftogaz is seeking unblocking at the Stockholm arbitration).

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