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Natural Gas Reserves in Visegrad Countries
- By Oil and Gas Author
- Published 09/1/2006
- Petroleum Pipeline , Offshore Drilling , Oil and Natural Gas Prices , Environment and Pollution , Liquefied Natural Gas LNG , Exploration and Discoveries , Natural Gas Petroleum , Crude Oil Petroleum
- Unrated
In February 2003, POGC and Gazprom renegotiated their original 25-year take-or-pay Yamal Pipeline contract signed in 1996, reducing Polands imports from Russia by about a quarter, from 7.7 Tcf to 5.7 Tcf, for the years 2003-2022. The Polish government reportedly is looking to amend the current contract in order to allow Poland to re-export Natural Gas to other surrounding countries. This would likely be similar to an amended contract between Italys Eni and Gazprom, which allowed Italy to re-export natural gas. The Yamal pipeline, which began operations in September 1999, transports natural gas from the Yamal (West Siberia) field in Russia to Poland, where it is further distributed to Germany and to other Western European countries. EuRoPol Gaz operates the Polish section, in which both POGC and Gazprom each hold a 48 percent share. A consortium of Polish firms called Gas Trading owns the remaining 4 percent. Getting the pipeline up to capacity required the construction of three additional compressor plants Szamotuly, Ciechanow and Zambrow. The first two compressor plants are currently in operation and the third is expected to be inoperation in 2006. Plans to build a second pipeline (Yamal II) have been postponed indefioitely/
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Natural Gas Reserves in Visegrad Countries
