Poland’s ORLEN Group, through its subsidiary PGNiG Supply & Trading, has signed a contract to supply natural gas to Slovakia’s ZSE Group until the end of 2025.
This agreement marks the first instance of a Slovak company importing natural gas from across its northern border.
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The contract between ORLEN and ZSE Group is structured on market rates, with the gas sourced from the US and others.
It will be delivered in liquefied form to a liquified natural gas (LNG) terminal where the ORLEN Group has long-term capacity.
After regasification, the gas will travel through the Lithuania-Poland pipeline into the Polish gas system, and subsequently to Slovakia via the Vyrava interconnector.
The volume of gas stipulated in the contract equates to roughly one-third of the annual demand of the customers served by ZSE Group, the second-largest gas supplier in Slovakia.
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By GlobalData“Conclusion of the contract between companies would not have been possible but for the recent development of new gas interconnections between Poland and other central and eastern Europe countries, that make possible ORLEN Group allow it to supply gas to customers both domestically and internationally, leveraging its diversified gas acquisition portfolio,” stated ORLEN.
In related developments, ORLEN’s PGNiG Upstream Norway recently increased its stake in the Eirin gas field by 19.5% following a transaction with Equinor Energy.
This acquisition boosts PGNiG Upstream Norway’s share to 41.3%, supporting the company’s strategy to enhance its natural gas production and optimise operations on the Norwegian Continental Shelf.
Drilling at the Eirin field is scheduled to commence in the third quarter of this year, with production expected to begin in the latter half of 2025.
The field will feature two production wells, with gas transported via a subsea pipeline to the Gina Krog field platform, where the ORLEN Group also holds a 41.3% interest.
Late last month, PGNiG Upstream Norway agreed to acquire a 20% stake in the Atlantis field from Source Energy.
