PGNiG interested in importing gas from Israel and Lebanon

WSE-listed gas giant PGNiG is interested in cooperation with gas suppliers from Israel and Lebanon, however currently it’s focused on importing gas from its own supplies in Norway. “It is possible that we will come to Lebanon or Israel one day,” - said PGNiG CEO Piotr Woźniak. “We are interested in these directions, we are interested in cooperation with partners from this region,” he added. He stressed, however, that delivery from the Norwegian direction is now a priority and that the supply portfolio for the LNG terminal is not yet full. PGNiG currently has interests in 21 exploration and production licenses on the Norwegian Continental Shelf. Last year, the company extracted 4.56 billion cubic meters of gas, including 0.55 bcm from its Norwegian deposits. Overall, in 2017, PGNiG imported 13.71 bcm of gas, mostly from Russia (9.66 bcm).