Monday, November 23, 2020
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PGNiG further extends cooperation with Aker BP building a substantial portfolio in the region

PGNiG Supply & Trading (PST), the international trading arm of the Polish oil and gas Company PGNiG, has signed a contract with Aker BP for the sales and purchase of natural gas produced on the Norwegian Continental Shelf.

With this agreement PST continues to grow and strengthens its position on the Norwegian Continental Shelf. In the future, the contracted natural gas may be transported by the Baltic Pipe to the Polish market, as well as to other countries of Central and Eastern Europe.

“We are pleased that we can cooperate with Aker BP which is a trustworthy and highly valued producer and partner,” commented Jerzy Kwieciński, President of the Management Board of PGNiG.

The aim of PST is to significantly expand its business activities in Norway over the coming years. This contract forms another cornerstone in successfully building a substantial portfolio in the region.

The PGNiG Group and Aker BP have been cooperating successfully for several years. Some production assets on the Norwegian Continental Shelf are shared with PGNiG’s subsidiary PGNiG Upstream Norway.

In addition to the Norwegian Continental Shelf PST actively pursues expansion in the Central Eastern Europe wholesale gas markets. In 2020 the company started trading in the Czech and Slovak markets and is about to enter the Hungarian market. Through its branch in London, PST also constantly develops competencies in the LNG area.

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