After signing gas supply contracts for 2023-2024 with five major Western companies in early April, Slovak gas supplier SPP, which has cut its Russian gas imports by 70%, announced in recent days that it is looking of additional contracts with Polish, Italian and German companies for LNG imports and regasification capacities, writes Portfolio.
The Slovakian company indicated that it has entered into a memorandum of understanding with German firm RWE Supply and Trading to seek opportunities to access regasification capacity at German LNG terminals. Previously, SPP signed memoranda of understanding with Italian companies to examine the possibilities of access to LNG terminals and the regasification capacities of Italian ports.
SPP is striving to gain access to Polish, Italian and German, possibly Lithuanian LNG terminals and regasification capacity by 2026 so that it can completely replace Russian gas with American, Qatari, African and Asian LNG producers.
Following the invasion of Ukraine by Russia, European countries started a race to reduce their dependence on Russian gas.
The Czech Republic reduced its dependence on Russian gas from 97% to 3-4% within eight months, Czech Prime Minister Petr Fiala announced at the beginning of February, according to Euractiv.
The country replaced its Russian gas with gas imports from Norway and LNG, distributed through an LNG terminal in the Netherlands. According to the prime minister, one of the most important steps for his country was the acquisition of a stake in the Dutch terminal. In addition, Czech gas consumption has decreased by 19% in 2022 in annual terms.
Poland, together with Lithuania, became independent from Russian gas, notes Energy Intelligence.
The share of liquefied natural gas in Poland’s gas imports rose to 43% last year from 24% in 2021, while the share of Russian gas fell to 20% from 61%, Polish giant PKN Orlen announced. largest oil and gas company in this country.
LNG imports increased by more than 50% to 6.04 billion cubic meters in 2022. The increase in imports was made possible thanks to the diversification of supply sources and the expansion of the capacity of the Swinoujscie LNG terminal.
PKN Orlen has not purchased Russian gas this year and expects to replace it with supplies from Norway via the Baltic Pipe and LNG cargoes in line with long-term contracts with US suppliers.
In the case of Germany, Russian gas supplies initially decreased in 2022 and were then suspended at the beginning of September. The country began to analyze LNG imports and started the construction of regasification terminals.
At the beginning of this year, German Finance Minister Christian Lindner announced that Germany no longer depends on Russian imports for energy supplies.
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