• 2020 January 28 13:02

    Diversification of Poland’s natural gas supply sources and directions is progressing

    PGNiG says diversification of Poland’s natural gas supply sources and directions is progressing. The share of gas imports from Russia dropped to ca. 60% in 2019, from ca. 67% in 2018, as opposite to LNG, whose share in total imports increased to ca. 23%, from 20% a year earlier.

    “We can clearly see LNG volumes brought into Poland via the President Lech Kaczyński LNG Terminal in Świnoujście are rising by the year. The first quarter of 2020 will see peak activity in terms of LNG deliveries. By the end of March this year alone we are to receive ten cargoes coming in from different directions,” said Jerzy Kwieciński, President of the PGNIG S.A. Management Board. “With respect to natural gas supplies from Russia we are bound by the ‘take or pay’ clause in the Yamal contract, which means that we have to collect from Gazprom at least 8.7 billion cubic meters of gas per year. This will continue until the end of 2022, when the Yamal contract expires,” Mr. Kwieciński added.

    In 2019, PGNiG brought 3.43 billion cubic metres of liquefied natural gas into Poland, over one-fourth more than a year earlier. LNG imports from the US, Qatar and Norway increased by about 0.7 billion cubic meters (after regasification) on 2018. Imports from Russia amounted to 8.95 billion cubic metres in 2019, compared with 9.04 billion cubic metres a year earlier.

    Consequently, natural gas from Russia accounted for 60.2% of PGNiG’s total imports in 2019, which means a 6.6pp drop, with LNG imports having risen 3pp, to 23.1%. The remaining share of imports was gas sourced from countries west and south of Poland. This marks a clear shift towards diversification of natural gas supplies for Polish consumers. Back in 2016, Russian gas represented close to 89% of total imports, but the following years saw supplies from Russia fall steadily, with a simultaneous growth in LNG imports. PGNiG’s total gas imports reached 14.85 billion cubic meters in 2019, about 1.32 billion cubic meters more than the year before.

    In 2019, PGNiG received 31 LNG deliveries to Poland, compared with 23 a year earlier. The number of cargoes purchased under short-term, or spot, contracts increased from 4 to 10 during that period. The first shipment of US LNG has arrived in Poland under a long-term contract with Cheniere Energy, with the annual volumes of deliveries under the contract set to rise in the coming years. The contracts signed for US LNG will add some 9.3 billion cubic metres (after regasification) of gas per year to PGNiG’s portfolio in 2024–2042. From 2020 onwards, annual LNG imports from Qatar will amount to approximately 2.7 billion cubic meters (after regasification).

    In addition to expanding its LNG portfolio, Polskie Górnictwo Naftowe i Gazownictwo is making preparations to start supplying Polish customers with gas from the Norwegian Continental Shelf, which is to be carried via the Baltic Pipe through the North Sea, Denmark and the Baltic Sea, starting in late 2022.




2020 February 28

12:10 Polskie LNG launches Open Season Process for Świnoujście LNG Terminal
11:47 Port of Antwerp launches Bulkchain collaboration platform
11:02 Diana Shipping announces the sale of a Capesize dry bulk vessel, the m/v Norfolk
10:41 IMO developed guidelines for taking onboard samples of fuel from ships
10:18 Fincantieri launches the first corvette for Qatar
10:07 Pathways to achieve IMO's Initial GHG Strategy goals discussed at dedicated workshop hosted by WMU
09:40 Brent Crude futures price is down 2.51% to $50.43, Light Sweet Crude – down 2.68% to $45.83
09:29 The construction of new deepwater berths of cruise terminal at Piraeus Port starts
09:21 MABUX: Bunker market this morning, Feb 28
09:14 Baltic Dry Index is down to 529 points
08:32 CMA CGM announces PSS for cargo from North Europe to Asia

2020 February 27

18:05 European yards specify Thordon System as standard for deck machinery
17:48 IMO's GloFouling Partnership project tackles problem of invasive aquatic species in Sri Lanka
17:29 Tallink Grupp reports nearly 25% higher net profit for the full financial year 2019
17:05 AquaTerra acquires Subsea Engineering and Technical Services
16:51 Zelenodolsk Shipyard named after A.M. Gorky laid down passenger ship Chaika LNG
16:35 Vale clarifies incident with contracted vessel
16:04 NYK Cruises to cancel cruises due to coronavirus
15:30 Average physical depreciation of Rosmorport’s berthing facilities is 24%
15:07 National Association of Shipping Agencies addresses FAS over plans on multiple increase of port dues in Russia
14:56 Arbitration award related to purchase options for four VLCCs on charter to Okeanis ECO Tankers
14:43 ASCO strengthened preventive measures against coronavirus
14:19 ASCO takes necessary precautionary measures to prevent environmental damage
13:55 Rotterdam to host ACI’s 24th Ballast Water Management Conference on 7-8 April 2020
13:53 Ørsted signs 20-year lease with Port of Taichung for Greater Changhua offshore wind farms
13:34 Vysotsk VTS obtains Certificate of Conformity
13:12 Xeneta container rates alert: long-term contracted rates hold despite Coronavirus chaos
12:56 Certificate of Conformity obtained for Ust-Luga VTS
12:33 Finnlines published its 2019 Financial Statements and Financial Review
12:10 A.P. Moller - Maersk links new $5.0bn revolving credit facility to its CO2 performance
11:52 Port of Gdynia seeks opportunities for further development
11:28 Rosmorport’s Murmansk Branch performed pilotage of Capesize vessel
11:04 Rosmorport to complete dredging under NOVATEK’s project in Petropavlovsk-Kamchatsky by April 2021
10:41 3rd Technical Conference "Modern Solutions for Hydraulic Engineering" kicks off in Moscow
10:35 Ships of RF Navy’s Baltic Fleet continue performing planned training as part of its long-distance campaign
10:16 Port of Oakland debt ratings affirmed by Fitch
10:13 Brent Crude futures price is down 1.52% to $51.99, Light Sweet Crude – fell to 1.54% to $47.98
09:56 Hydrographic Department to dredge about 20 million cbm of material on Sabetta’s seaway canal in 2020
09:34 Marine Recruiting Agency LLC trained 1,957 specialists in 2019, up 2.6% YoY
09:32 MABUX: Bunker market this morning, Feb 27
09:15 Baltic Dry Index is up to 517 points

2020 February 26

18:37 Royal IHC to supply integrated power cablelay spread
18:01 Chartwell Marine announces sponsorship agreement with Alan Roberts Racing in the lead up to the 2020 racing season
17:29 Keppel delivers world’s fastest brownfield FPSO modification project
17:26 Busan Port Authority and Samsung SDS signed a contract to operate a logistics center in Rotterdam, Netherlands
17:00 Smart Maritime Council announces support for shipboard machinery data standard
16:23 Damen DOP ensures new approach to dredging – expert opinion
16:00 FSUE Rosmorport to dredge 18.4 million cbm of material in 2020
15:36 Yamal LNG reaches thirty million tons milestone
15:12 MHI-MME receives retractable fin stabilizer orders for two luxury expedition vessels being built by Helsinki Shipyard
14:55 Contract signed for extension of Świnoujście LNG Terminal
14:34 Rosmorrechflot to have 20 dredgers built at Lotos shipyard by 2030
14:12 Kongsberg Maritime wins 300 MNOK contract to equip four new cruise vessels
13:55 EU NAVFOR Somalia supports Djiboutian Coast Guard
13:33 Belarusian-Latvian cooperation in multimodal cargo transportation via Latvian ports discussed in Riga
13:10 Global Offshore announces new addition to its cable installation fleet
12:51 Rosmorport announces tender for dredging on access canal of Temryuk port
12:28 PortNews Media Group and Shipbuilding Cluster of Arkhangelsk Region sign agreement on cooperation
12:10 Contship Italia confirms operational continuity at Group's maritime and intermodal terminals amidst SARS-CoV-2 outbreak
12:07 Milaha reports a 6% increase in net profit for full year 2019