(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 23. Norway's
Equinor company has entered a long-term gas supply agreement with
Poland's PGNiG company, Trend reports.
Equinor says that the agreement is for 10 years with a volume of
around 2.4 billion cubic metres (bcm) of gas per year to be
exported through the new Baltic Pipe.
The Baltic Pipe Project connects the Norwegian gas export system
to Poland via Denmark and facilitates flow of Norwegian pipeline
gas to Poland.
The volumes under the new, long-term agreement reflecting market
prices are equivalent to around 15 percent of the typical, annual
gas consumption in Poland. The agreement is from 1 January 2023 to
1 January 2033.
The Baltic pipe project connects to the Norwegian gas
transportation system with Denmark's transmission system operator
(TSO) Energinet responsible for the components on Danish territory
and Poland's TSO GAZ-SYSTEM in charge of the section between
Denmark and Poland.
Follow the author on Twitter: @Lyaman_Zeyn
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.