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PGNiG reported record export of natural gas to Ukraine in 2017

Polish state-controlled oil and gas company PGNiG reported record export of natural gas to Ukraine in 2017. Over the past 12 months, the company has supplied 700 million cubic meters of gas to Ukrainian consumers. From August 2016, Poland and Ukraine are connected with an interconnector, and since then PGNiG has supplied more than 1 billion cubic meters.

“Our gas supplies are diversified – local extraction, as well as imports from different sources”, said the deputy director of the state gas company PGNiG, Maciej Wozniak.

The company receives gas from pipelines from Russia, as well as from Qatar, Norway and the United States through the Lech Kaczyński LNG Terminal in Swinoujscie.

In their announcement from the company they stated that in October 2017 they had an agreement with the Ukrainian operator Ukrtransgaz for the use of the network and gas storage facilities on the territory of Ukraine.

“This opens new trading opportunities for PGNiG”, said the company in a statement.

By 2015, Ukraine stopped purchasing natural gas directly from Russia and received supplies through gas connections with neighboring countries. Besides Poland, gas comes from Slovakia and Hungary. PGNiG is the ninth-largest gas supplier to Ukraine.

According to Ukrtransgaz data in Ukraine in 2017, 93.5 billion cubic meters of Russian natural gas were transported through Ukraine. This is an increase of 13.7% compared to the quantities realized in 2016.

About Manuel Fajardo

Manuel Fajardo is from Brazil, living in Porto Alegre. He works in Finance Apprise Journal, as analysts and content writer. In my responsibilities are finance and business news for Latin America, Asia and Australia.

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