Industry prices of natural gas in Poland 2008-2022
Structure of natural gas supplies to Poland
Gas purchases from abroad, in the amount of 190.4 TWh, were supplemented with gas from domestic sources in the amount of 40.7 TWh. Total gas supplies from abroad in 2021 included imports and intra-Community acquisitions. Imports from the eastern direction, carried out under a long-term contract concluded between PGNiG S.A. and Gazprom, continued to account for a significant part of the total gas supplies from abroad. However, in 2022, the Polish government passed a resolution to terminate the agreement from 1993 with Gazprom on the supply of Russian gas to Poland. The consumption of natural gas in Poland is growing year on year. Throughout 2021, PGNiG imported approximately 16.1 bn m3 of natural gas to Poland. Domestic production amounted to 3.7 billion cubic meters.
Structure of LNG supply to Poland
PGNiG has successfully continued its strategy of becoming independent from one dominant supplier. In addition to the expansion of the LNG portfolio, the Company is preparing to start supplying the Polish market with gas produced on the Norwegian Continental Shelf, whose transport via the Baltic Pipe through the North Sea, Denmark, and the Baltic Sea will begin at the end of 2022. The construction of the LNG Terminal in Świnoujście was a positive investment from the standpoint of supply security, enabling gas supplies from global gas markets. This investment has contributed to a fundamental change in the country's gas energy mix, thanks to which currently 1/3 of the country's gas consumption can be satisfied with LNG supplies. Thus, in 2021, imports from the East amounted to approximately 10 billion cubic meters, compared to around 10.3 billion m3 in 2016. LNG imports (from Qatar, Norway, and the USA) in 2021 increased and reached over 3.94 billion cubic meters (after regasification), compared to 2016 when about one billion cubic meters of LNG was imported (after regasification).