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Date: 4 weeks ago   Category: Companies

30% cheaper. Poland preferred the American gas to Russian


Gas distribution station in Gustoshin. Poland.
The volume of deliveries will be less than a third of the fact that now Poland buys from Russia therefore the American LNG strongly will not change a situation, experts Gas distribution station in Gustoshin consider. Poland. Photo: Poland will buy by Reuters from the USA liquefied natural gas. The contract for 20 years was signed by the Polish energy company PGNiG and the American Venture Global LNG. Volume will be less than a third of the fact that now Poland buys from Russia. According to the head of the Polish company, the long-term contract for deliveries to Poland of the Russian natural gas in 2022 "will just end". He also said that the American LNG will cost to Poles almost for 30% cheaper, than the Russian fuel. Whether LNG can be cheaper really and if yes, about what this transaction can speak? Dmitry Alexandrov the deputy CEO for investments of IK "Univer Capital" "I is convinced that in contracts for delivery of LNG the fixed price cannot be applied in any way, especially any company which will import gas from the USA, will not apply the fixed price. Here two options are possible: it is possible to proceed from the prices in the USA, it is possible to proceed from the prices, for example, for NBP or even TTF, to further add still the additional award connected with transportation from England or from Holland to Poland. Respectively, then Poland will receive one of the most expensive options of liquefied natural gas for Europe. Or it is a certain inaccuracy or incorrectness, or it is just necessary to consider this transaction on gas as an element of more large and complex deal considering either other trade relations, or the trade and military relations, say, as a part of payment of presence of the American military base in the territory of Poland". Poland consumes 15 billion cubic meters of gas a year. It gets a third of this volume itself in the territory, the rest — import. The chief supplier — Russian Gazprom on the basis of the long-term contract with which the country can annually get 10 billion cubic meters of gas. Therefore the American LNG strongly will not change a situation, experts consider. At the same time Gazprom this year increased supply of gas to Poland almost by 10%, TASS the official representative of the company Sergey Kupriyanov reported. And the Deputy Minister of Energy Anatoly Yanovsky said that the Russian authorities allow construction of the Nord Stream — 3 pipeline in case of increase in demand for gas in Europe. To add BFM.ru to your sources of news?

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