ORLEN Spó?ka Akcyjna : Group to supply gas to Slovakia

ORLEN, through its subsidiary PGNiG Supply & Trading, has signed a contract with a Slovak company ZSE Group for the sale of gas, the volume of which will cover approximately 30% of ZSE's demand during the year. The contract exemplifies increasing cooperation among CEE companies to diversify supply sources and enhance gas security within the region.

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ORLEN, through its subsidiary PGNiG Supply & Trading, has signed a contract with a Slovak company ZSE Group for the sale of gas, the volume of which will cover approximately 30% of ZSE's demand during the year. The contract exemplifies increasing cooperation among CEE companies to diversify supply sources and enhance gas security within the region.

Under the contract, ORLEN will provide the ZSE Group,  with natural gas from January through the end of 2025. The gas, sourced among others from the US, will be delivered in liquefied form to an LNG terminal, where the ORLEN Group has secured long-term capacity. Once regasified, it will be transported through the pipeline connecting Lithuania and Poland into the Polish gas system, and then forwarded to Slovakia via the Vyrava interconnector.

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The contract marks the first time that a Slovak company imports natural gas from across the country's northern border. The volume of gas covered by the contract represents approximately one-third of annual demand of customers served by the ZSE Group, the second largest gas supplier in Slovakia.

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Conclusion of the contract between companies would not have been possible but for the recent development of new gas interconnections between Poland and other CEE countries, that make possible ORLEN Group allow it to supply gas to customers both domestically and internationally, leveraging its diversified gas acquisition portfolio.

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The contract is priced based on market rates. 

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Under the contract, ORLEN will provide the ZSE Group, with natural gas from January through the end of 2025. The gas, sourced among others from the US, will be delivered in liquefied form to an LNG terminal, where the ORLEN Group has secured long-term capacity. Once regasified, it will be transported through the pipeline connecting Lithuania and Poland into the Polish gas system, and then forwarded to Slovakia via the Vyrava interconnector.

The contract marks the first time that a Slovak company imports natural gas from across the country's northern border. The volume of gas covered by the contract represents approximately one-third of annual demand of customers served by the ZSE Group, the second largest gas supplier in Slovakia.

Conclusion of the contract between companies would not have been possible but for the recent development of new gas interconnections between Poland and other CEE countries, that make possible ORLEN Group allow it to supply gas to customers both domestically and internationally, leveraging its diversified gas acquisition portfolio.

The contract is priced based on market rates.