Business news from Ukraine

PGNIG FROM POLAND POSTPONES START OF GAS EXPLORATION IN UKRAINE TO 2021

Polish-based PGNiG has postponed the start of gas exploration in Ukraine from the previously announced third quarter of 2020 to the first half of 2021, head of the company Jerzy Kwieciński has said.
“PGNiG also intends to more actively participate in projects related to production of hydrocarbons in Ukraine. The company plans to start exploration for natural gas in this country in the first half of 2021,” the company said in a press release.
As reported, in February 2020 Vice President of the Board of Directors of PGNiG Robert Perkowski said that PGNiG intends to start developing hydrocarbons in Lviv region in the third quarter of 2020.
Earlier, in early December 2019, the Polish company PGNiG SA and the Ukrainian group of companies ERU signed an agreement on the exploration and production of natural gas in Lviv region.
PGNiG is the largest oil and gas company in Poland, engaged in the development of gas and oil fields, production, storage and transportation of energy resources, as well as construction and development of oil and gas transport networks, export and import of gas.

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ENERGY RESOURCES OF UKRAINE WILL IMPORT U.S. GAS BOUGHT BY PGNIG TO UKRAINE

Energy Resources of Ukraine (ERU) has signed an agreement with Polish-based PGNiG on the acquisition and imports of American natural gas to Ukraine.
“Already in early November, within the framework of the agreement, liquefied gas will arrive at the Polish LNG terminal named after former president Lech Kaczynski in Swinoujscie. LNG will enter the Polish transmission system after regasification, from where it will be brought to Ukraine through gas pipelines in Hermanowice and will be transferred to ERU. Deliveries for ERU will be implemented by the end of 2019,” the trader said in a press release.
According to PGNiG head Piotr Wozniak, today the only limitation for increasing exports to Ukraine is the capacity of Polish pipelines in the direction of Silesia-Subcarpathia.
“We expect that the capacity of these pipelines will be expanded by 2021,” he said.

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