PGNiG Supply & Trading (PST), the worldwide buying and selling arm of the Polish oil and gasoline firm PGNiG, and Aker BP have signed a contract for the gross sales and buy of pure gasoline produced on the Norwegian Continental Shelf.
PGNiG mentioned on Friday that, with this settlement, PST strengthened
its place on the Norwegian Continental Shelf and that the provision of gasoline has
began in October 2020.
In the longer term, the contracted pure gasoline could also be transported
by the Baltic Pipe to the Polish market, in addition to to different international locations of
Central and Eastern Europe.
Jerzy Kwieciński, president of the PGNiG administration board, mentioned: “We are happy that we are able to cooperate with Aker BP which is a reliable and extremely valued producer and companion. Aker BP and PST have managed to succeed in an settlement that gives a stable foundation for additional strengthening of relations between each corporations”.
“The goal of PST is to considerably increase its enterprise actions in Norway over the approaching years. This contract varieties one other cornerstone in efficiently constructing a considerable portfolio within the area”, the corporate acknowledged.
The PGNiG Group and Aker BP have been cooperating efficiently for a number of years. Some manufacturing property on the Norwegian Continental Shelf are shared with PGNiG’s subsidiary PGNiG Upstream Norway.
In addition to the Norwegian Continental Shelf, PST is actively
pursuing enlargement within the Central and Eastern Europe wholesale gasoline markets.
In 2020, the corporate began buying and selling within the Czech and Slovak
markets and is about to enter the Hungarian market.
“Through its Branch in London, PST additionally consistently develops competencies within the LNG space. In the final three years PST accomplished quite a few spot and midterm transactions, sourcing gasoline worldwide and thus established a robust presence for PGNiG on the worldwide LNG market.”, PGNiG added.
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