Gas deliveries to Poland from outside the European Union – excluding liquefied natural gas (LNG) – fell 91.5% year-on-year in the second quarter of 2022, after Russia cut supplies in April . Meanwhile, over-the-counter gasoline prices have quadrupled.
But despite the dramatic drop in non-EU supplies, the overall volume of gas supplies to Poland remained relatively stable, falling only less than 1.5% year-on-year to 33.6 terawatt-hours (TWh).
Indeed, in the period from April to June, gas supplies from the EU to Poland increased by 171.5% year-on-year and LNG deliveries increased by 33.2% year-on-year. , according to figures from Poland’s national energy regulator. Office (URE).
The URE notes, however, that amid Russia’s war in Ukraine, there has been strong upward pressure on gas prices.
The price of contracts on the Polish Power Exchange rose in the second quarter by nearly 246% year-on-year to 302.78 zlotys per megawatt-hour (MWh) on average. Prices on the off-exchange market increased further, rising by almost 320% to 360.22 zlotys per MWh.
“Natural gas is traded primarily through swap transactions. In the second quarter of 2022, the average price of gas supplied in this way was significantly lower than that of OTC transactions,” URE said in the statement.
Russia’s Gazprom, which was previously Poland’s biggest gas supplier, halted deliveries in April after Warsaw refused to comply with Moscow’s demand to pay in roubles.
The Polish government had in any case announced that it would not renew its contract with Gazprom after its expiry at the end of 2022. It has been seeking for years to secure alternative gas supplies to ensure its energy independence from the Russia.
This has included an increasing number of shipments via the LNG terminal in Świnoujście, with another floating terminal planned for Gdańsk. On October 1, gas also began to flow through the Baltic Pipe, which connects Poland to Norwegian gas fields via Denmark.
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Nevertheless, the Poles, like other Europeans, are preparing for a difficult winter in a context of soaring energy prices. In order to soften the blow, the Polish government is working with EU partners to introduce a cap on gas prices at EU level, Climate Minister Anna Moskwa announced on Monday.
“At the moment, in this initiative group, i.e. Poland, Belgium, Italy and Greece, we are preparing a legislative solution,” Moskwa told Polskie Radio, adding that the Germany, Denmark, the Netherlands and Hungary “were not keen on adopting the solution, but also did not refrain from working on the solution”.
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Main photo credit: Mykola Makhlai / Unsplash
Alicja Ptak is an editor at Notes from Poland and a multimedia journalist. She previously worked for Reuters.