financetom
Business
financetom
/
Business
/
Orlen seeks to sell 1 bcm of gas to Ukraine by September, sources say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Orlen seeks to sell 1 bcm of gas to Ukraine by September, sources say
Apr 8, 2025 6:21 AM

WARSAW, April 8 (Reuters) - Poland's Orlen ( PSKOF )

aims to sell 10 cargoes of LNG to Ukraine this year as Kyiv

seeks to fill gas storage sites ahead of winter, two sources

close to the matter told Reuters.

Ukraine is aiming to expand gas transit routes and buy large

volumes of U.S. LNG via Germany, Greece, Lithuania and Poland

after being left with almost empty storage and damaged

production facilities after Russian shelling.

The sources said that Orlen ( PSKOF ) supplies include gas from the

United States, which has called on Europe to buy more of its

energy and also provides key military and financial support for

Ukraine.

Orlen ( PSKOF ) wants to sell up to 1 billion cubic metres (bcm) of

gas, or 10 cargoes, to Ukraine by September, including two

cargoes already sold to state-controlled Naftogaz.

In addition to Naftogaz, Orlen ( PSKOF ) is discussing the issue of

liquefied gas supplies with Ukraine's largest private energy

company, DTEK, one of the sources said. Orlen ( PSKOF ) will buy cargoes

for Ukraine on the spot market, the source added.

DTEK, Orlen ( PSKOF ) and Naftogaz declined to comment.

Orlen's ( PSKOF ) gas output surged 20% last year thanks to higher

production in Norway. Combined with contracts for imports of

LNG, and booked pipeline and regasification capacity, Orlen ( PSKOF ) has

access to more gas than Poland's domestic consumption.

Poland can supply up to 7 million cubic metres (mcm) of gas

to Ukraine per day via the existing interconnector, the capacity

of which will be increased by early 2026.

Ukraine has said it needs to import at least 4 bcm for the

2025/26 heating season, half of which could be LNG.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Paramount Global to Continue Trimming Workforce Ahead of Skydance Media Merger, Reuters Reports
Market Chatter: Paramount Global to Continue Trimming Workforce Ahead of Skydance Media Merger, Reuters Reports
Jul 8, 2024
05:18 AM EDT, 07/08/2024 (MT Newswires) -- Paramount Global ( PARAA ) will continue to downsize its workforce and divest some of its assets until its merger with Skydance Media is finalized, Reuters reported Sunday, citing a memo from the company's co-Chief Executives Brian Robbins, George Cheeks and Chris McCarthy. The company will maintain its operations independently and execute its...
Grupo Aeroportuario del Pacifico Says Terminal Passenger Traffic Declined 2.1% in June
Grupo Aeroportuario del Pacifico Says Terminal Passenger Traffic Declined 2.1% in June
Jul 8, 2024
05:22 AM EDT, 07/08/2024 (MT Newswires) -- Grupo Aeroportuario del Pacifico (PAC) said late Friday that its preliminary terminal passenger traffic in June decreased 2.1% from a year earlier. The airport operator said the number of seats available fell by 6.2%, while the load factor increased to over 83.4% from 79.7% a year earlier. Price: 153.73, Change: -0.09, Percent Change:...
Daimler Truck reports lower Q2 sales
Daimler Truck reports lower Q2 sales
Jul 8, 2024
(Reuters) - German truck maker Daimler Truck reported a 15% drop in second quarter sales on Monday, pointing to a market normalization for its truck division. The company sold 112,195 vehicles in the second quarter, compared with 131,888 a year earlier, it said in a statement. Sales of electric vehicles rose by 69% compared with the same quarter last year,...
Market Chatter: Talen Energy Defends Amazon Data Center Deal Against Utility Group Challenge
Market Chatter: Talen Energy Defends Amazon Data Center Deal Against Utility Group Challenge
Jul 8, 2024
05:19 AM EDT, 07/08/2024 (MT Newswires) -- Talen Energy has asked US regulators to dismiss a challenge from a group of electric utilities, including American Electric Power ( AEP ) and Exelon ( EXC ) , for its recent agreement with Amazon ( AMZN ) for a data centre, Reuters reported on Friday, citing the company's filing with the Federal...
Copyright 2023-2026 - www.financetom.com All Rights Reserved