en

de

About Us

PGNiG Group to buy Danish natural gas from Ørsted

PGNiG Group and Aker BP further expand their cooperation

array(3) { [0]=> array(14) { ["slug"]=> string(56) "pgnig-group-and-aker-bp-further-expand-their-cooperation" ["title"]=> string(56) "PGNiG Group and Aker BP further expand their cooperation" ["excerpt"]=> string(333) "PGNiG Supply & Trading GmbH (PST), the international trading arm of the Polish Oil and Gas Company (PGNiG), and Aker BP ASA have signed a contract for the sales and purchase of natural gas produced on the Norwegian Continental Shelf. The supply of gas has started in October, 2020. With this agreement PST continues to […]" ["content"]=> string(3315) "

PGNiG Supply & Trading GmbH (PST), the international trading arm of the Polish Oil and Gas Company (PGNiG), and Aker BP ASA have signed a contract for the sales and purchase of natural gas produced on the Norwegian Continental Shelf. The supply of gas has started in October, 2020.

With this agreement PST continues to grow and strengthens its position on the Norwegian Continental Shelf. In the future, the contracted natural gas may be transported by the Baltic Pipe to the Polish market, as well as to other countries of Central and Eastern Europe.

We are pleased that we can cooperate with  Aker BP which is a trustworthy and highly valued producer and partner. Aker BP and PST have managed to reach an agreement that provides a solid basis for further strengthening of relations between both companies”, said Jerzy Kwieciński, President of the Management Board of PGNiG SA, the sole owner of PST.

The aim of PST is to significantly expand its business activities in Norway over the coming years. This contract forms another cornerstone in successfully building a substantial portfolio in the region.

The PGNiG Group and Aker BP have been cooperating successfully for several years. Some production assets on the Norwegian Continental Shelf are shared with PGNiG’s subsidiary PGNiG Upstream Norway.

In addition to the Norwegian Continental Shelf PST actively pursues expansion in the Central Eastern Europe wholesale gas markets.  In 2020 the company started trading in the Czech and Slovak markets and is about to enter the Hungarian market.  Through its Branch in London, PST also constantly develops competencies in the LNG area. In the last three years PST completed numerous spot and midterm transactions, sourcing gas worldwide and thus established a strong presence for PGNiG on the global LNG market.

***

About PGNiG Supply & Trading GmbH

Established in 2010, PGNiG Supply & Trading GmbH (PST) is a trader and supplier of natural gas and electricity in Western as well as Central Eastern Europe energy markets. Based in Munich, Germany, the company has a Branch in London which is responsible for short- and midterm LNG trading and optimization. PST is wholly owned by PGNiG SA, the leader of the Polish gas market. 

***

About Aker BP ASA

Aker BP ASA is an oil and gas exploration and production company focusing on the Norwegian Continental Shelf. The main shareholders of the company are Aker ASA (40%) and BP (30%). Aker BP is listed on the Oslo Stock Exchange.

Media enquiries: PGNiG S.A. Public Relations Office, media@pgnig.pl

" ["permalink"]=> string(81) "https://pst-energie.com/pgnig-group-and-aker-bp-further-expand-their-cooperation/" ["thumb"]=> string(636) "PGNiG SA gas platform" ["thumb_permalink"]=> string(76) "https://pst-energie.com/wp-content/uploads/2018/12/c_Photo-by-PGNiG-SA-2.jpg" ["thumb_permalink_medium"]=> string(84) "https://pst-energie.com/wp-content/uploads/2018/12/c_Photo-by-PGNiG-SA-2-300x169.jpg" ["thumb_permalink_large"]=> string(85) "https://pst-energie.com/wp-content/uploads/2018/12/c_Photo-by-PGNiG-SA-2-1024x576.jpg" ["date"]=> string(15) "20 October 2020" ["tags"]=> bool(false) ["custom"]=> array(24) { ["_wpml_word_count"]=> array(1) { [0]=> string(39) "{"total":441,"to_translate":{"de":441}}" } ["_edit_lock"]=> array(1) { [0]=> string(12) "1603282397:5" } ["_edit_last"]=> array(1) { [0]=> string(1) "5" } ["post-lead"]=> array(1) { [0]=> string(0) "" } ["_post-lead"]=> array(1) { [0]=> string(19) "field_5bff25d4d5c7f" } ["short-title"]=> array(1) { [0]=> string(0) "" } ["_short-title"]=> array(1) { [0]=> string(19) "field_5c177d8229966" } ["short-excerpt"]=> array(1) { [0]=> string(0) "" } ["_short-excerpt"]=> array(1) { [0]=> string(19) "field_5c177dcc29967" } ["display-category"]=> array(1) { [0]=> string(0) "" } ["_display-category"]=> array(1) { [0]=> string(19) "field_5bf8014845a05" } ["display-category-template"]=> array(1) { [0]=> string(0) "" } ["_display-category-template"]=> array(1) { [0]=> string(19) "field_5c194f59327c9" } ["post-background"]=> array(1) { [0]=> string(0) "" } ["_post-background"]=> array(1) { [0]=> string(19) "field_5bfd2c73a9987" } ["media-file"]=> array(1) { [0]=> string(0) "" } ["_media-file"]=> array(1) { [0]=> string(19) "field_5c1952922c6e5" } ["_wpml_media_duplicate"]=> array(1) { [0]=> string(1) "1" } ["_wpml_media_featured"]=> array(1) { [0]=> string(1) "1" } ["_yoast_wpseo_content_score"]=> array(1) { [0]=> string(2) "30" } ["_wpml_location_migration_done"]=> array(1) { [0]=> string(1) "1" } ["_yoast_wpseo_primary_category"]=> array(1) { [0]=> string(2) "21" } ["_thumbnail_id"]=> array(1) { [0]=> string(3) "690" } ["_wpml_media_has_media"]=> array(1) { [0]=> string(1) "1" } } ["id"]=> int(1972) ["top_parent_id"]=> int(1972) } [1]=> array(14) { ["slug"]=> string(49) "pgnig-group-to-buy-danish-natural-gas-from-orsted" ["title"]=> string(50) "PGNiG Group to buy Danish natural gas from Ørsted" ["excerpt"]=> string(337) "PGNiG Supply & Trading GmbH (PST), the international trading arm of the Polish Oil and Gas Company (PGNiG), and Ørsted Salg & Service A/S (Ørsted), a subsidiary of Ørsted A/S, have signed a multi-year contract for the sale and purchase of natural gas. The agreement covers a total volume of approx. 70 TWh (6.4 bcm) […]" ["content"]=> string(5044) "

PGNiG Supply & Trading GmbH (PST), the international trading arm of the Polish Oil and Gas Company (PGNiG), and Ørsted Salg & Service A/S (Ørsted), a subsidiary of Ørsted A/S, have signed a multi-year contract for the sale and purchase of natural gas. The agreement covers a total volume of approx. 70 TWh (6.4 bcm) to be supplied between January 01st 2023 and October 01st 2028.

With this agreement, PST continues to grow and strengthens its position in Northern Europe and particularly in the Danish wholesale market. Denmark is linked to Germany via the interconnector at Ellund and will be linked to Norway and Poland via the Baltic Pipe which is currently under construction.

We are pleased that we can cooperate with Ørsted who is a trustworthy and highly valued partner and an important player in the Danish market. The agreement between Ørsted and PST provides a solid basis for a further strengthening of relations between both companies. It also means more security and diversification in the European gas market. Specifically, after a commissioning of the Baltic Pipe, PGNiG Group will be able to deliver gas supplied by Ørsted in Denmark to Poland as a part of its diversified natural gas portfolio,” said Jerzy Kwieciński, President of the Management Board of PGNiG SA, the sole owner of PST.

Ørsted is looking forward to cooperating with a recognised trading company like PST and is very satisfied with the agreement. When the Tyra field resumes delivery to Denmark, the amount of natural gas from the Danish North Sea in the market will increase significantly, and with this agreement PST will offtake a substantial amount of the natural gas that Ørsted expects to receive,” said Morten Buchgreitz, Executive Vice President and CEO of Ørsted Markets & Bioenergy

Under this agreement, Ørsted will resell some of the natural gas that it receives from the Danish part of the North Sea to PST, e.g., from the Tyra field, which is Denmark’s largest gas reservoir. Currently, the Tyra platform is under redevelopment to extend its operational life by at least 25 years. For this reason, production from Tyra was halted in 2019 and is expected to resume in 2022.

In addition to expanding its activities in Northern Europe, PST actively pursues expansion in the Central Eastern European wholesale gas markets. In 2020 the company started trading in Czech Republic and Slovakia and is about to enter the Hungarian market. Through its Branch in London, PST is also constantly developing competencies in the LNG area. In the last three years, PST has completed numerous spot and midterm transactions, sourcing gas worldwide and thus has established a strong presence for PGNiG on the global LNG market.

***

About PGNiG Supply & Trading GmbH

Established in 2010, PGNiG Supply & Trading GmbH (PST) is a trader and supplier of natural gas and electricity in Western as well as Central Eastern European energy markets. Based in Munich, Germany, the company has a Branch in London which is responsible for short- and midterm LNG trading and optimization. PST is wholly owned by PGNiG SA, the leader of the Polish gas market and one of the biggest Polish companies listed on the Warsaw Stock Exchange in terms of value. The PGNiG Group employs 25 000 people and operates, among others, in Poland, Norway, Germany, Pakistan and the United Arab Emirates. In 2019, PGNiG Group’s revenue was over PLN 42 billion (EUR 9.4 billion). 

***

About Ørsted A/S

The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, and provides energy products to its customers. Ørsted ranks #1 in Corporate Knights' 2020 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,000 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2019, the group's revenue was DKK 67.8 billion (EUR 9.1 billion).

Media enquiries: PGNiG S.A. Public Relations Office, media@pgnig.pl

" ["permalink"]=> string(74) "https://pst-energie.com/pgnig-group-to-buy-danish-natural-gas-from-orsted/" ["thumb"]=> string(825) "" ["thumb_permalink"]=> string(84) "https://pst-energie.com/wp-content/uploads/2020/10/shutterstock_pipelines-scaled.jpg" ["thumb_permalink_medium"]=> string(85) "https://pst-energie.com/wp-content/uploads/2020/10/shutterstock_pipelines-300x200.jpg" ["thumb_permalink_large"]=> string(86) "https://pst-energie.com/wp-content/uploads/2020/10/shutterstock_pipelines-1024x683.jpg" ["date"]=> string(15) "21 October 2020" ["tags"]=> bool(false) ["custom"]=> array(26) { ["_wpml_word_count"]=> array(1) { [0]=> string(39) "{"total":716,"to_translate":{"de":716}}" } ["_edit_lock"]=> array(1) { [0]=> string(12) "1604490919:5" } ["_thumbnail_id"]=> array(1) { [0]=> string(4) "1991" } ["_edit_last"]=> array(1) { [0]=> string(1) "5" } ["post-lead"]=> array(1) { [0]=> string(0) "" } ["_post-lead"]=> array(1) { [0]=> string(19) "field_5bff25d4d5c7f" } ["short-title"]=> array(1) { [0]=> string(0) "" } ["_short-title"]=> array(1) { [0]=> string(19) "field_5c177d8229966" } ["short-excerpt"]=> array(1) { [0]=> string(0) "" } ["_short-excerpt"]=> array(1) { [0]=> string(19) "field_5c177dcc29967" } ["display-category"]=> array(1) { [0]=> string(0) "" } ["_display-category"]=> array(1) { [0]=> string(19) "field_5bf8014845a05" } ["display-category-template"]=> array(1) { [0]=> string(0) "" } ["_display-category-template"]=> array(1) { [0]=> string(19) "field_5c194f59327c9" } ["post-background"]=> array(1) { [0]=> string(0) "" } ["_post-background"]=> array(1) { [0]=> string(19) "field_5bfd2c73a9987" } ["media-file"]=> array(1) { [0]=> string(0) "" } ["_media-file"]=> array(1) { [0]=> string(19) "field_5c1952922c6e5" } ["_yoast_wpseo_primary_category"]=> array(1) { [0]=> string(2) "21" } ["_wpml_media_duplicate"]=> array(1) { [0]=> string(1) "1" } ["_wpml_media_featured"]=> array(1) { [0]=> string(1) "1" } ["_yoast_wpseo_content_score"]=> array(1) { [0]=> string(2) "30" } ["_wpml_location_migration_done"]=> array(1) { [0]=> string(1) "1" } ["slider-order"]=> array(1) { [0]=> string(0) "" } ["_slider-order"]=> array(1) { [0]=> string(19) "field_5f9a84cc97720" } ["_wpml_media_has_media"]=> array(1) { [0]=> string(1) "1" } } ["id"]=> int(1983) ["top_parent_id"]=> int(1983) } [2]=> array(14) { ["slug"]=> string(11) "about-us-en" ["title"]=> string(8) "About Us" ["excerpt"]=> string(153) "PST | PGNiG Supply & Trading GmbH, a young and growing energy company located in Munich. We trade Natual Gas, LNG, Power, Oil and Environmental Products." ["content"]=> string(2071) "

PST - PGNiG Supply & Trading GmbH is a young and growing energy trading company with headquarters in Munich. We develop fair and transparent products and services for the global energy markets. From our offices in Munich, Warsaw and London, we trade pipeline gas, LNG and related commodities. In addition, we support our municipal partners and industrial customers with customized energy solutions.

Energy is agile. Its value changes constantly based on a variety of factors influencing market rules of supply and demand. Our strength in trading relies on our ability to understand these factors and act quickly in the markets. This helps keep the price risk low and score favorable conditions for our customers and partners.

PST is part of the PGNiG group (PGNiG) with headquarter in Warsaw, Poland, which has a long-standing history in the energy industry. PGNiG is active along the whole energy value chain, both in Poland and globally. As a result, the group is one of the major energy players in Europe. Backed by PGNiG, we provide our customers with secure and reliable energy products and services.

We use our strengths to design state-of-the-art products, meeting the requirements of current market conditions, as well as the needs of our customers. Hence, our highly qualified and dedicated experts are happy to provide personal assistance and service-oriented support. Like this, we aim to expand our market shares worldwide and secure them for the mutual benefit in long-term partnerships.

Get to know us, learn about our business activities and get in touch in case of any questions left unanswered.

" ["permalink"]=> string(36) "https://pst-energie.com/about-us-en/" ["thumb"]=> string(716) "PGNiG Supply & Trading claim" ["thumb_permalink"]=> string(72) "https://pst-energie.com/wp-content/uploads/2019/01/about_us_en_claim.jpg" ["thumb_permalink_medium"]=> string(80) "https://pst-energie.com/wp-content/uploads/2019/01/about_us_en_claim-300x300.jpg" ["thumb_permalink_large"]=> string(82) "https://pst-energie.com/wp-content/uploads/2019/01/about_us_en_claim-1024x1024.jpg" ["date"]=> string(14) "1 January 2019" ["tags"]=> bool(false) ["custom"]=> array(29) { ["_wpml_word_count"]=> array(1) { [0]=> string(39) "{"total":329,"to_translate":{"de":329}}" } ["_edit_lock"]=> array(1) { [0]=> string(12) "1608033101:5" } ["_edit_last"]=> array(1) { [0]=> string(1) "5" } ["_wp_page_template"]=> array(1) { [0]=> string(7) "default" } ["_wpml_media_duplicate"]=> array(1) { [0]=> string(1) "0" } ["_wpml_media_featured"]=> array(1) { [0]=> string(1) "0" } ["_alp_processed"]=> array(1) { [0]=> string(10) "1543581790" } ["side-menu-pages"]=> array(1) { [0]=> string(48) "a:3:{i:0;s:3:"134";i:1;s:3:"135";i:2;s:3:"138";}" } ["_side-menu-pages"]=> array(1) { [0]=> string(19) "field_5c06d4016a300" } ["display-category"]=> array(1) { [0]=> string(0) "" } ["_display-category"]=> array(1) { [0]=> string(19) "field_5bf8014845a05" } ["post-background"]=> array(1) { [0]=> string(4) "1178" } ["_post-background"]=> array(1) { [0]=> string(19) "field_5bfd2c73a9987" } ["redirect-page"]=> array(1) { [0]=> string(0) "" } ["_redirect-page"]=> array(1) { [0]=> string(19) "field_5c06f229a5fa9" } ["_thumbnail_id"]=> array(1) { [0]=> string(4) "1319" } ["display-category-template"]=> array(1) { [0]=> string(0) "" } ["_display-category-template"]=> array(1) { [0]=> string(19) "field_5c194f59327c9" } ["_yoast_wpseo_primary_category"]=> array(1) { [0]=> string(2) "21" } ["_yoast_wpseo_content_score"]=> array(1) { [0]=> string(2) "90" } ["_yoast_wpseo_metadesc"]=> array(1) { [0]=> string(153) "PST | PGNiG Supply & Trading GmbH, a young and growing energy company located in Munich. We trade Natual Gas, LNG, Power, Oil and Environmental Products." } ["_yoast_wpseo_focuskw"]=> array(1) { [0]=> string(9) "PST About" } ["_yoast_wpseo_linkdex"]=> array(1) { [0]=> string(2) "49" } ["_wpml_location_migration_done"]=> array(1) { [0]=> string(1) "1" } ["_yoast_wpseo_is_cornerstone"]=> array(1) { [0]=> string(1) "1" } ["_yoast_wpseo_title"]=> array(1) { [0]=> string(43) "PST %%title%% %%page%% %%sep%% %%sitename%%" } ["slider-order"]=> array(1) { [0]=> string(1) "1" } ["_slider-order"]=> array(1) { [0]=> string(19) "field_5f9a84cc97720" } ["_wpml_media_has_media"]=> array(1) { [0]=> string(1) "1" } } ["id"]=> int(246) ["top_parent_id"]=> int(246) } } array(3) { [0]=> array(14) { ["slug"]=> string(11) "about-us-en" ["title"]=> string(8) "About Us" ["excerpt"]=> string(153) "PST | PGNiG Supply & Trading GmbH, a young and growing energy company located in Munich. We trade Natual Gas, LNG, Power, Oil and Environmental Products." ["content"]=> string(2071) "

PST - PGNiG Supply & Trading GmbH is a young and growing energy trading company with headquarters in Munich. We develop fair and transparent products and services for the global energy markets. From our offices in Munich, Warsaw and London, we trade pipeline gas, LNG and related commodities. In addition, we support our municipal partners and industrial customers with customized energy solutions.

Energy is agile. Its value changes constantly based on a variety of factors influencing market rules of supply and demand. Our strength in trading relies on our ability to understand these factors and act quickly in the markets. This helps keep the price risk low and score favorable conditions for our customers and partners.

PST is part of the PGNiG group (PGNiG) with headquarter in Warsaw, Poland, which has a long-standing history in the energy industry. PGNiG is active along the whole energy value chain, both in Poland and globally. As a result, the group is one of the major energy players in Europe. Backed by PGNiG, we provide our customers with secure and reliable energy products and services.

We use our strengths to design state-of-the-art products, meeting the requirements of current market conditions, as well as the needs of our customers. Hence, our highly qualified and dedicated experts are happy to provide personal assistance and service-oriented support. Like this, we aim to expand our market shares worldwide and secure them for the mutual benefit in long-term partnerships.

Get to know us, learn about our business activities and get in touch in case of any questions left unanswered.

" ["permalink"]=> string(36) "https://pst-energie.com/about-us-en/" ["thumb"]=> string(716) "PGNiG Supply & Trading claim" ["thumb_permalink"]=> string(72) "https://pst-energie.com/wp-content/uploads/2019/01/about_us_en_claim.jpg" ["thumb_permalink_medium"]=> string(80) "https://pst-energie.com/wp-content/uploads/2019/01/about_us_en_claim-300x300.jpg" ["thumb_permalink_large"]=> string(82) "https://pst-energie.com/wp-content/uploads/2019/01/about_us_en_claim-1024x1024.jpg" ["date"]=> string(14) "1 January 2019" ["tags"]=> bool(false) ["custom"]=> array(29) { ["_wpml_word_count"]=> array(1) { [0]=> string(39) "{"total":329,"to_translate":{"de":329}}" } ["_edit_lock"]=> array(1) { [0]=> string(12) "1608033101:5" } ["_edit_last"]=> array(1) { [0]=> string(1) "5" } ["_wp_page_template"]=> array(1) { [0]=> string(7) "default" } ["_wpml_media_duplicate"]=> array(1) { [0]=> string(1) "0" } ["_wpml_media_featured"]=> array(1) { [0]=> string(1) "0" } ["_alp_processed"]=> array(1) { [0]=> string(10) "1543581790" } ["side-menu-pages"]=> array(1) { [0]=> string(48) "a:3:{i:0;s:3:"134";i:1;s:3:"135";i:2;s:3:"138";}" } ["_side-menu-pages"]=> array(1) { [0]=> string(19) "field_5c06d4016a300" } ["display-category"]=> array(1) { [0]=> string(0) "" } ["_display-category"]=> array(1) { [0]=> string(19) "field_5bf8014845a05" } ["post-background"]=> array(1) { [0]=> string(4) "1178" } ["_post-background"]=> array(1) { [0]=> string(19) "field_5bfd2c73a9987" } ["redirect-page"]=> array(1) { [0]=> string(0) "" } ["_redirect-page"]=> array(1) { [0]=> string(19) "field_5c06f229a5fa9" } ["_thumbnail_id"]=> array(1) { [0]=> string(4) "1319" } ["display-category-template"]=> array(1) { [0]=> string(0) "" } ["_display-category-template"]=> array(1) { [0]=> string(19) "field_5c194f59327c9" } ["_yoast_wpseo_primary_category"]=> array(1) { [0]=> string(2) "21" } ["_yoast_wpseo_content_score"]=> array(1) { [0]=> string(2) "90" } ["_yoast_wpseo_metadesc"]=> array(1) { [0]=> string(153) "PST | PGNiG Supply & Trading GmbH, a young and growing energy company located in Munich. We trade Natual Gas, LNG, Power, Oil and Environmental Products." } ["_yoast_wpseo_focuskw"]=> array(1) { [0]=> string(9) "PST About" } ["_yoast_wpseo_linkdex"]=> array(1) { [0]=> string(2) "49" } ["_wpml_location_migration_done"]=> array(1) { [0]=> string(1) "1" } ["_yoast_wpseo_is_cornerstone"]=> array(1) { [0]=> string(1) "1" } ["_yoast_wpseo_title"]=> array(1) { [0]=> string(43) "PST %%title%% %%page%% %%sep%% %%sitename%%" } ["slider-order"]=> array(1) { [0]=> string(1) "1" } ["_slider-order"]=> array(1) { [0]=> string(19) "field_5f9a84cc97720" } ["_wpml_media_has_media"]=> array(1) { [0]=> string(1) "1" } } ["id"]=> int(246) ["top_parent_id"]=> int(246) } [""]=> array(14) { ["slug"]=> string(49) "pgnig-group-to-buy-danish-natural-gas-from-orsted" ["title"]=> string(50) "PGNiG Group to buy Danish natural gas from Ørsted" ["excerpt"]=> string(337) "PGNiG Supply & Trading GmbH (PST), the international trading arm of the Polish Oil and Gas Company (PGNiG), and Ørsted Salg & Service A/S (Ørsted), a subsidiary of Ørsted A/S, have signed a multi-year contract for the sale and purchase of natural gas. The agreement covers a total volume of approx. 70 TWh (6.4 bcm) […]" ["content"]=> string(5044) "

PGNiG Supply & Trading GmbH (PST), the international trading arm of the Polish Oil and Gas Company (PGNiG), and Ørsted Salg & Service A/S (Ørsted), a subsidiary of Ørsted A/S, have signed a multi-year contract for the sale and purchase of natural gas. The agreement covers a total volume of approx. 70 TWh (6.4 bcm) to be supplied between January 01st 2023 and October 01st 2028.

With this agreement, PST continues to grow and strengthens its position in Northern Europe and particularly in the Danish wholesale market. Denmark is linked to Germany via the interconnector at Ellund and will be linked to Norway and Poland via the Baltic Pipe which is currently under construction.

We are pleased that we can cooperate with Ørsted who is a trustworthy and highly valued partner and an important player in the Danish market. The agreement between Ørsted and PST provides a solid basis for a further strengthening of relations between both companies. It also means more security and diversification in the European gas market. Specifically, after a commissioning of the Baltic Pipe, PGNiG Group will be able to deliver gas supplied by Ørsted in Denmark to Poland as a part of its diversified natural gas portfolio,” said Jerzy Kwieciński, President of the Management Board of PGNiG SA, the sole owner of PST.

Ørsted is looking forward to cooperating with a recognised trading company like PST and is very satisfied with the agreement. When the Tyra field resumes delivery to Denmark, the amount of natural gas from the Danish North Sea in the market will increase significantly, and with this agreement PST will offtake a substantial amount of the natural gas that Ørsted expects to receive,” said Morten Buchgreitz, Executive Vice President and CEO of Ørsted Markets & Bioenergy

Under this agreement, Ørsted will resell some of the natural gas that it receives from the Danish part of the North Sea to PST, e.g., from the Tyra field, which is Denmark’s largest gas reservoir. Currently, the Tyra platform is under redevelopment to extend its operational life by at least 25 years. For this reason, production from Tyra was halted in 2019 and is expected to resume in 2022.

In addition to expanding its activities in Northern Europe, PST actively pursues expansion in the Central Eastern European wholesale gas markets. In 2020 the company started trading in Czech Republic and Slovakia and is about to enter the Hungarian market. Through its Branch in London, PST is also constantly developing competencies in the LNG area. In the last three years, PST has completed numerous spot and midterm transactions, sourcing gas worldwide and thus has established a strong presence for PGNiG on the global LNG market.

***

About PGNiG Supply & Trading GmbH

Established in 2010, PGNiG Supply & Trading GmbH (PST) is a trader and supplier of natural gas and electricity in Western as well as Central Eastern European energy markets. Based in Munich, Germany, the company has a Branch in London which is responsible for short- and midterm LNG trading and optimization. PST is wholly owned by PGNiG SA, the leader of the Polish gas market and one of the biggest Polish companies listed on the Warsaw Stock Exchange in terms of value. The PGNiG Group employs 25 000 people and operates, among others, in Poland, Norway, Germany, Pakistan and the United Arab Emirates. In 2019, PGNiG Group’s revenue was over PLN 42 billion (EUR 9.4 billion). 

***

About Ørsted A/S

The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, and provides energy products to its customers. Ørsted ranks #1 in Corporate Knights' 2020 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,000 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2019, the group's revenue was DKK 67.8 billion (EUR 9.1 billion).

Media enquiries: PGNiG S.A. Public Relations Office, media@pgnig.pl

" ["permalink"]=> string(74) "https://pst-energie.com/pgnig-group-to-buy-danish-natural-gas-from-orsted/" ["thumb"]=> string(825) "" ["thumb_permalink"]=> string(84) "https://pst-energie.com/wp-content/uploads/2020/10/shutterstock_pipelines-scaled.jpg" ["thumb_permalink_medium"]=> string(85) "https://pst-energie.com/wp-content/uploads/2020/10/shutterstock_pipelines-300x200.jpg" ["thumb_permalink_large"]=> string(86) "https://pst-energie.com/wp-content/uploads/2020/10/shutterstock_pipelines-1024x683.jpg" ["date"]=> string(15) "21 October 2020" ["tags"]=> bool(false) ["custom"]=> array(26) { ["_wpml_word_count"]=> array(1) { [0]=> string(39) "{"total":716,"to_translate":{"de":716}}" } ["_edit_lock"]=> array(1) { [0]=> string(12) "1604490919:5" } ["_thumbnail_id"]=> array(1) { [0]=> string(4) "1991" } ["_edit_last"]=> array(1) { [0]=> string(1) "5" } ["post-lead"]=> array(1) { [0]=> string(0) "" } ["_post-lead"]=> array(1) { [0]=> string(19) "field_5bff25d4d5c7f" } ["short-title"]=> array(1) { [0]=> string(0) "" } ["_short-title"]=> array(1) { [0]=> string(19) "field_5c177d8229966" } ["short-excerpt"]=> array(1) { [0]=> string(0) "" } ["_short-excerpt"]=> array(1) { [0]=> string(19) "field_5c177dcc29967" } ["display-category"]=> array(1) { [0]=> string(0) "" } ["_display-category"]=> array(1) { [0]=> string(19) "field_5bf8014845a05" } ["display-category-template"]=> array(1) { [0]=> string(0) "" } ["_display-category-template"]=> array(1) { [0]=> string(19) "field_5c194f59327c9" } ["post-background"]=> array(1) { [0]=> string(0) "" } ["_post-background"]=> array(1) { [0]=> string(19) "field_5bfd2c73a9987" } ["media-file"]=> array(1) { [0]=> string(0) "" } ["_media-file"]=> array(1) { [0]=> string(19) "field_5c1952922c6e5" } ["_yoast_wpseo_primary_category"]=> array(1) { [0]=> string(2) "21" } ["_wpml_media_duplicate"]=> array(1) { [0]=> string(1) "1" } ["_wpml_media_featured"]=> array(1) { [0]=> string(1) "1" } ["_yoast_wpseo_content_score"]=> array(1) { [0]=> string(2) "30" } ["_wpml_location_migration_done"]=> array(1) { [0]=> string(1) "1" } ["slider-order"]=> array(1) { [0]=> string(0) "" } ["_slider-order"]=> array(1) { [0]=> string(19) "field_5f9a84cc97720" } ["_wpml_media_has_media"]=> array(1) { [0]=> string(1) "1" } } ["id"]=> int(1983) ["top_parent_id"]=> int(1983) } [1]=> array(14) { ["slug"]=> string(56) "pgnig-group-and-aker-bp-further-expand-their-cooperation" ["title"]=> string(56) "PGNiG Group and Aker BP further expand their cooperation" ["excerpt"]=> string(333) "PGNiG Supply & Trading GmbH (PST), the international trading arm of the Polish Oil and Gas Company (PGNiG), and Aker BP ASA have signed a contract for the sales and purchase of natural gas produced on the Norwegian Continental Shelf. The supply of gas has started in October, 2020. With this agreement PST continues to […]" ["content"]=> string(3315) "

PGNiG Supply & Trading GmbH (PST), the international trading arm of the Polish Oil and Gas Company (PGNiG), and Aker BP ASA have signed a contract for the sales and purchase of natural gas produced on the Norwegian Continental Shelf. The supply of gas has started in October, 2020.

With this agreement PST continues to grow and strengthens its position on the Norwegian Continental Shelf. In the future, the contracted natural gas may be transported by the Baltic Pipe to the Polish market, as well as to other countries of Central and Eastern Europe.

We are pleased that we can cooperate with  Aker BP which is a trustworthy and highly valued producer and partner. Aker BP and PST have managed to reach an agreement that provides a solid basis for further strengthening of relations between both companies”, said Jerzy Kwieciński, President of the Management Board of PGNiG SA, the sole owner of PST.

The aim of PST is to significantly expand its business activities in Norway over the coming years. This contract forms another cornerstone in successfully building a substantial portfolio in the region.

The PGNiG Group and Aker BP have been cooperating successfully for several years. Some production assets on the Norwegian Continental Shelf are shared with PGNiG’s subsidiary PGNiG Upstream Norway.

In addition to the Norwegian Continental Shelf PST actively pursues expansion in the Central Eastern Europe wholesale gas markets.  In 2020 the company started trading in the Czech and Slovak markets and is about to enter the Hungarian market.  Through its Branch in London, PST also constantly develops competencies in the LNG area. In the last three years PST completed numerous spot and midterm transactions, sourcing gas worldwide and thus established a strong presence for PGNiG on the global LNG market.

***

About PGNiG Supply & Trading GmbH

Established in 2010, PGNiG Supply & Trading GmbH (PST) is a trader and supplier of natural gas and electricity in Western as well as Central Eastern Europe energy markets. Based in Munich, Germany, the company has a Branch in London which is responsible for short- and midterm LNG trading and optimization. PST is wholly owned by PGNiG SA, the leader of the Polish gas market. 

***

About Aker BP ASA

Aker BP ASA is an oil and gas exploration and production company focusing on the Norwegian Continental Shelf. The main shareholders of the company are Aker ASA (40%) and BP (30%). Aker BP is listed on the Oslo Stock Exchange.

Media enquiries: PGNiG S.A. Public Relations Office, media@pgnig.pl

" ["permalink"]=> string(81) "https://pst-energie.com/pgnig-group-and-aker-bp-further-expand-their-cooperation/" ["thumb"]=> string(636) "PGNiG SA gas platform" ["thumb_permalink"]=> string(76) "https://pst-energie.com/wp-content/uploads/2018/12/c_Photo-by-PGNiG-SA-2.jpg" ["thumb_permalink_medium"]=> string(84) "https://pst-energie.com/wp-content/uploads/2018/12/c_Photo-by-PGNiG-SA-2-300x169.jpg" ["thumb_permalink_large"]=> string(85) "https://pst-energie.com/wp-content/uploads/2018/12/c_Photo-by-PGNiG-SA-2-1024x576.jpg" ["date"]=> string(15) "20 October 2020" ["tags"]=> bool(false) ["custom"]=> array(24) { ["_wpml_word_count"]=> array(1) { [0]=> string(39) "{"total":441,"to_translate":{"de":441}}" } ["_edit_lock"]=> array(1) { [0]=> string(12) "1603282397:5" } ["_edit_last"]=> array(1) { [0]=> string(1) "5" } ["post-lead"]=> array(1) { [0]=> string(0) "" } ["_post-lead"]=> array(1) { [0]=> string(19) "field_5bff25d4d5c7f" } ["short-title"]=> array(1) { [0]=> string(0) "" } ["_short-title"]=> array(1) { [0]=> string(19) "field_5c177d8229966" } ["short-excerpt"]=> array(1) { [0]=> string(0) "" } ["_short-excerpt"]=> array(1) { [0]=> string(19) "field_5c177dcc29967" } ["display-category"]=> array(1) { [0]=> string(0) "" } ["_display-category"]=> array(1) { [0]=> string(19) "field_5bf8014845a05" } ["display-category-template"]=> array(1) { [0]=> string(0) "" } ["_display-category-template"]=> array(1) { [0]=> string(19) "field_5c194f59327c9" } ["post-background"]=> array(1) { [0]=> string(0) "" } ["_post-background"]=> array(1) { [0]=> string(19) "field_5bfd2c73a9987" } ["media-file"]=> array(1) { [0]=> string(0) "" } ["_media-file"]=> array(1) { [0]=> string(19) "field_5c1952922c6e5" } ["_wpml_media_duplicate"]=> array(1) { [0]=> string(1) "1" } ["_wpml_media_featured"]=> array(1) { [0]=> string(1) "1" } ["_yoast_wpseo_content_score"]=> array(1) { [0]=> string(2) "30" } ["_wpml_location_migration_done"]=> array(1) { [0]=> string(1) "1" } ["_yoast_wpseo_primary_category"]=> array(1) { [0]=> string(2) "21" } ["_thumbnail_id"]=> array(1) { [0]=> string(3) "690" } ["_wpml_media_has_media"]=> array(1) { [0]=> string(1) "1" } } ["id"]=> int(1972) ["top_parent_id"]=> int(1972) } }

Trading

Natural Gas. LNG. Power. Environmental Products. Oil.

More

Services

LNG as Fuel. Balancing Group Management. Ticketing Service.

More

Supply

Municipal Utilities and Industrial Customers. Business Customers. Household Customers.

More

PGNiG Group

PST UK branch – Market access to the global gas markets The PST UK branch is the LNG trading & competence center of the PGNiG group. Its role is to act in the short and mid-term market to the benefit of the group and its customers. It delivers LNG to the terminal in Świnoujście at […]

More

News / SHOW ALL

13 November 2020

PGNiG Group boosts its output on the Norwegian Continental Shelf

12 November 2020

PGNiG makes large gas discovery in Norway

4 November 2020

The PGNiG Group contracted ships for transporting US LNG

21 October 2020

PGNiG Group to buy Danish natural gas from Ørsted

Caching disabled, dynamic output genrated at 2021-01-17 21:40:31.