ÌÇÐÄÆƽâ°æ

Prices for annual gas consumption for industry in Poland fluctuated slightly between 2008 and 2020. However, prices began to rise from the first half of 2021, reaching their peak in the second half of 2022 at more than *** euro cents per kilowatt hour. The lowest annual price for gas consumption occurred in 2016, at **** euros per kWh. In the first half of 2024, prices dropped to **** euro cents per kilowatt hour.

Structure of natural gas supplies to Poland

Gas purchases from abroad, in the amount of TWh, were supplemented with gas from domestic sources in the amount of ** TWh. Total gas supplies from abroad in 2022 included imports and intra-Community acquisitions. Imports from the eastern direction, carried out under a long-term contract concluded between PGNiG S.A. and Gazprom, continued to account for a significant part of the total gas supplies from abroad. However, in 2022, the Polish government passed a resolution to terminate the agreement from 1993 with Gazprom on the supply of Russian gas to Poland. The consumption of natural gas in Poland increased between 2005 and 2022. Throughout 2023, PKN ORLEN (former PGNiG) imported approximately **** bn m3 of natural gas to Poland. Domestic production amounted to *** billion cubic meters.

Structure of LNG supply to Poland

PGNiG has successfully continued its strategy of becoming independent from one dominant supplier. In addition to the expansion of the LNG portfolio, the Company is preparing to start supplying the Polish market with gas produced on the Norwegian Continental Shelf, whose transport via the Baltic Pipe through the North Sea, Denmark, and the Baltic Sea will begin at the end of 2022. The construction of the LNG Terminal in Świnoujście was a positive investment from the standpoint of supply security, enabling gas supplies from global gas markets. This investment has contributed to a fundamental change in the country's gas energy mix, thanks to which currently *** of the country's gas consumption can be satisfied with LNG supplies. Thus, in 2023, imports from the East amounted to approximately *** billion cubic meters, compared to around **** billion m3 in 2016. LNG imports (from Qatar, Norway, and the USA) in 2023 increased and reached *** billion cubic meters (after regasification), compared to 2016 when about *** billion cubic meters of LNG was imported (after regasification).