The Orlen concern took control of the Polish section of the Yamal-Europe gas pipeline
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The Polish energy concern Orlen took control of the Europol Gaz transit gas pipeline system, where Gazprom shares had previously been transferred. The merger was approved by the Polish Competition and Consumer Authority following antitrust proceedings. reports TASS with reference to the company’s statement.
“Europol Gaz’s acquisition of Gazprom shares and Orlen’s control of the Transit Gas Pipeline System will be of great importance for the interests of citizens and the security of our country,” said Orlen CEO Daniel Obajtek. He previously reported that the ban on Russian oil imports costs the company $27 million a day.
The Yamal – Europe gas pipeline, with a length of over 2000 km, runs from the Russian Torzhok through the territory of Belarus and Poland to the German Frankfurt an der Oder. Its capacity is 33 billion cubic meters. m per year, or 100 million cubic meters. m per day. Europol Gaz is a joint venture between Gazprom and the Polish PGNiG, which is the owner of the Polish section of the Yamal – Europe gas pipeline.
In November 2022, 48% of Gazprom’s shares in Europol Gaz came under compulsory management due to the inclusion of the company in the Polish sanctions list. In response, Russia added Europol Gaz to its sanctions list, banning payments to the company. As a result “Gazprom“On May 11, I lost the opportunity to use Yamal-Europe for gas exports.
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