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PGNiG has revealed that its worldwide buying and selling arm, PGNiG Provide & Buying and selling GmbH (PST), and Aker BP ASA have signed a contract for the gross sales and buy of pure gasoline produced on the Norwegian Continental Shelf (NCS).

With this settlement, PST continues to develop and strengthens its place on the NCS, PGNiG outlined. Sooner or later, the contracted pure gasoline could also be transported by the Baltic Pipe to the Polish market, in addition to to different international locations of central and jap Europe, PGNiG famous.

“We’re happy that we are able to cooperate with Aker BP which is a reliable and extremely valued producer and companion,” Jerzy Kwiecinski, the president of the administration board of PGNiG SA, the only real proprietor of PST, stated in a press release posted on PGNiG’s web site.

“Aker BP and PST have managed to succeed in an settlement that gives a strong foundation for additional strengthening of relations between each firms,” Kwiecinski added within the assertion.

The PGNiG group and Aker BP have been cooperating efficiently for a number of years, PGNiG highlighted. Earlier this 12 months, the 2 firms introduced the Aerfugle area on the NCS on-line, with Aker BP appearing as operator and PGNiG as companion. Manufacturing from the sector is claimed to be economically viable at oil costs above $15 per barrel.

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PST, which was established again in 2010, is a dealer and provider of pure gasoline and electrical energy in western in addition to central jap Europe vitality markets. Primarily based in Munich, Germany, the corporate has a department in London which is accountable for short- and midterm LNG buying and selling and optimization.

Aker BP is an oil and gasoline exploration and manufacturing firm which is concentrated on the NCS. The primary shareholders of the corporate are Aker ASA, which has a 40 p.c stake, and BP, which has a 30 p.c curiosity.

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