Wednesday, May 29, 2024

Poland News

The Top 10 Offshore Wind Energy Trends to Watch in 2023

©Twixter/AdobeStock

The drivers for global offshore wind growth look good for 2023. Global offshore wind is forecast to grow from over 60 GW at the end of 2022 to 240 GW by 2030 and over 410 GW by 2035. But the sunny outlook must be balanced with some building dark clouds. As we prepare for the new year, let us look at ten factors that will shape the offshore wind sector in 2023.1.

Ineos Inks 20-year LNG Deal with Sempra Infrastructure

© Carabay / Adobe Stock

Britain's INEOS Energy, part of INEOS Group, has signed an agreement with U.S. firm Sempra Infrastructure for the supply of 1.4 million tonnes per annum of liquefied natural gas (LNG) from North America for 20 years, it said on Wednesday.It marks INEOS's entry into the global LNG market, with the…

How Much Oil Does the EU Import from Russia?

© vchalup / Adobe Stock

The European Union has agreed to ban the bulk of imports of Russian crude and oil products in its latest round of sanctions following Moscow's invasion of Ukraine.The ban on seaborne crude imports will be phased in over six months and for seaborne refined products over eight months. It excludes deliveries…

Gas Prices Soar in Europe on Tight Russian Supply

Copyright chocolatefather/AdobeStock

European gas prices soared more than 30% on Tuesday as low supplies from Russia reignited concerns about an energy crunch as the region heads for colder weather.A key pipeline which normally delivers gas from Siberia to Europe continued to work in reverse on Tuesday, traders said, sending flows from Germany to Poland…

Lithuania Seeks Alternative Bids for LNG Import Terminal

Lithuania is seeking alternative bids from providers of floating liquefied natural gas (LNG) terminals to potentially replace its existing import terminal, operator Klaipedos Nafta said on Friday.The Baltic state leases a floating storage and regasification vessel (FSRU) from Norway's Hoegh LNG and has an option to buy it when the lease expires in 2024.The state-contr

EU Approves $21.27B Just Transition Fund

Credit: alexlmx/AdobeStock

European Union countries on Monday approved the bloc's flagship fund to wean them off fossil fuels and protect communities most affected, paving the way for members to start receiving the cash.The 17.5 billion euro ($21.27 billion) Just Transition Fund (JTF) combines money from the EU's budget and…

"Coal has to go," CEO of Poland's PGE Says

Credit: Elnur/AdobeStock

Coal has obviously to be scrapped as a power source, the CEO of the Polish group which owns the EU’s biggest carbon-emitting power plant said on Thursday, underscoring a policy shift in a country until recently wedded to coal to generate electricity.Poland produces most of its electricity from coal…

RP Global to develop a 1GW solar PV and wind project pipeline in Poland

Photo Credit: RP Global

Renewable energy developer and investor RP Global is working on a pipeline of projects in Poland to deliver more than 1,000 MW in the next two to four years. The first projects to be commissioned from this pipeline by mid-2022 include five Solar PV parks totalling approximately 180 MW, located in…

Germany Offered to Build LNG Terminals to Avert US Pipeline Sanctions

© Nord Stream 2 / Axel Schmidt

Berlin offered to spend 1 billion euros ($1.2 billion) to build two liquid natural gas terminals in a bid to dissuade the United States from imposing sanctions over the Nord Stream 2 pipeline, due to bring gas directly from Russia to Germany, Die Zeit reported on Wednesday.The weekly paper said Finance Minister Olaf Scholz made the proposal in an Aug.

Poland to Merge Four Energy Groups with Aim to Make International Player

Image by Atstock Productions/AdobeStock

Poland laid out plans on Tuesday to merge four of its largest energy groups in a move the government hopes will create a player able to compete in international oil, gas and electricity markets.PKN Orlen, the country's largest refiner on Tuesday received conditional EU antitrust approval to take over smaller rival Lotos…

Poland's PGNiG Expects Over 100,000 Tons of Oil from Skogul in 2020

Processing of oil and gas from Skogul takes place on Alvheim FPSO. Illustration: Aker BP.

Polish oil company PGNiG said Monday it expects to produce about 115 tons of oil from the Skogul field offshore Norway in 2020.First oil from Skogul, located in the North Sea, offshore Norway was achieved in March, 2020. was achieved during the quarter. The field is operated by the Norwegian oil company Aker BP…

Denmark Proposes Two Giant Wind Energy Islands

Image by nuttawutnuy/AdobeStock

Denmark on Wednesday proposed a more than tripling of its offshore wind capacity by building two energy islands linked to new wind farms in the Baltic and North seas to help to meet climate change targets.The energy islands are an important part of the Social Democratic government's climate action…

PGNiG Acquires Duva Field in Norway

PGNiG Upstream Norway, a subsidiary of Polish Oil and Gas Company (PGNiG), has obtained a final administrative consent to purchase additional 10% interests in the PL636 and PL636B licences in the North Sea.Following the transaction, PGNiG Upstream Norway’s (PUN) interests in both licences increased to 30%.

PGNiG: Polish LNG Import Jumps Up

LNG imports to Poland via the Świnoujście LNG Terminal  keep rising and stood at 3.4 billion cubic metres in 2019 after regasification, up from 2.7 bcm the year before."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…

PGNiG Open to Mergers with State-run Firms

(Photo: PGNiG)

Polish gas company PGNiG is open to consolidation with other energy companies, its newly appointed chief executive said on Friday, as the government tries to merge state-run firms to strengthen their market position.The Polish state is a major shareholder in the energy sector, which is undergoing unprecedented consolidation, with PKN Orlen planning to take over refine

Poland Eyes 10GW Offshore Wind Capacity by 2027

Poland's ministry of state assets has published a draft of legislation to promote offshore wind power, aiming to award more than 10GW in the Baltic Sea by 2027.The country will  incentivise the construction of around 10 GW of offshore wind capacity in the Baltic Sea with 25-year contracts for difference to be awarded by 2027…

Poland's Regulator Approves PGE Price Hike

© rh2010 / Adobe Stock

Poland's energy regulator URE said on Friday it had agreed to let power company PGE hike prices, following similar approvals for the country's other three operators.Household electricity bills for PGE clients will rise by 10.5-11% on average monthly, starting from Jan. 18 until the end of March, URE said.

PGNiG Inks Exploration Deal with ERU

(Photo: PGNiG)

Poland's dominant gas firm, state-run PGNiG, said on Monday it was signing a contract with Ukraine's ERU Management Services on cooperation on oil & gas extraction and exploration in Ukraine."This contract makes us an active player in the region's gas market and also contributes to the safety of Poland and all countries," said Polish presidential aide Krzysztof Szczer

LNG Imports Jump in Poland

Polish state-controlled oil and gas company Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) has reported a jump in liquefied natural gas (LNG) imports for the first three quarters of the year.The volume of LNG imported in the nine months to September 30th 2019 was 27% higher than in the same period of 2018…

Poland Ends Major Russian LNG Contract

Poland's state gas company PGNiG says it had notified Russia's Gazprom that it will not renew their long-term deal on liquefied natural gas (LNG) supplies when the agreement expires after 2022.In accordance with the provisions of the Yamal Contract, three years prior to its original termination date, i.e.