PGNiG is looking for Norwegian gas to feed its 2022 Baltic pipeline project. In the near term by aquisitions, in the longer term by exploration.
– Our strategy is to explore in the North Sea and the Norwegian Sea in prospects close to infrastructure. And we prefer gas, said Chris Dart, Exploration Manager at PGNiG at the NCS Exploration Strategy 2019 conference in Stavanger on November 20th.
While most E&P companies are looking for oil, PGNiG concentrates their efforts on gas. At least for the time being.
The reason is the company’s ongoing Baltic Pipe Project which soon will deliver gas from the Norwegian Continental Shelf (NCS) to Central Europe.
The estimated startup date is October 2022, and as of today, PGNiG is unable to supply enough gas to reach full pipeline capacity.
Therefore, according to Dart, more aquisitions may be in the pipeline to get closer to the desired production levels of 2,5 bcm gas per year.