News from the region

Central and Eastern Europe
The EU supports Baltic synchronization project

The EU supports Baltic synchronization project

The synchronization process is a key step to physically integrate the Baltic States with the Continental European energy system. Project itself offers a major contribution to the solidarity and energy security of the European Union and eventually terminates isolation [...]

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LOTOS Group is advancing its innovation strategy

LOTOS Group is advancing its innovation strategy

After two years of cooperation, LOTOS and Electric Power Research Institute (EPRI) are further tightening their partnership. Recently has been announced that EPRI is opening a regional office in Gdansk, Poland, first one in the CEE region and second in Europe at large [...]

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Polish Energy Group (PGE) to develop more low carbon assets

Polish Energy Group (PGE) is a top player in Polish electricity market. In 2017 its production output reached 57 TWh of electricity and 25 million GJ of heat. Currently, the company is reflecting on its post-2020 commercial strategy which include the development of [...]

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8 GW of offshore wind capacity could be installed in Poland

8 GW of offshore wind capacity could be installed in Poland

In his recent interview with polish newspaper Rzeczpospolita, Eryk Kłossowski, President of Management Board of PSE (Polish TSO-e), CEEP member, was talking about the development plans of his company. In the perspective of next 10 years PSE aims to invest [...]

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LOTOS secures two new licences in Norway

LOTOS secures two new licences in Norway

LOTOS Exploration and Production Norge AS (“LOTOS Norge”), part of the Grupa LOTOS - a CEEP member, was offered two new exploration and production licences by the Norwegian authorities, on the January 16th. The new licences have proven hydrocarbon reserves located in [...]

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EU Grant Agreement for the Poland-Slovakia Gas Interconnection

EU Grant Agreement for the Poland-Slovakia Gas Interconnection

European Union’s Innovation and Networks Executive Agency (INEA), GAZ-SYSTEM S.A. and Eustream have signed the Grant Agreement for the construction works for the Poland-Slovakia Gas Interconnection - a new cross-border transmission pipeline, of which 59 km is located [...]

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PSE S.A. views on the “Clean energy for all Europeans”

PSE S.A. views on the “Clean energy for all Europeans”

Regarding the proposed model of electricity market set forth in the package “Clean energy for all Europeans”, PSE is of the opinion that in order to maintain security and reliability of electricity supplies as well as to ensure effectiveness of electricity market, it [...]

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First U.S. crude oil delivered to LOTOS refinery

First U.S. crude oil delivered to LOTOS refinery

Poland’s second largest oil refiner, Grupa LOTOS, has received on the 09th of November 2017, a crude oil shipment of 600,000 barrels of domestic sweet crude, equivalent to around 80,000 tonnes. The tanker “St. Hellen” left the Freeport of Texas on October 19th and [...]

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The Open Season 2017 for the Baltic Pipe project completed

The Open Season 2017 for the Baltic Pipe project completed

The final phase of the Open Season 2017 procedure ended up with a positive result proving the demand from the market for capacity to be delivered by the Baltic Pipe Project. The participants have confirmed their interest shown in the first phase, by submitting binding [...]

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Polish energy and science gets EUR 1bn from EIB

The European Investment Bank (EIB) has confirmed that it will provide almost EUR 1bn for strategic investments in energy and science in Poland. In line with its aim of promoting competitive and secure energy, the EIB has provided EUR 250m of financing to Energa for [...]

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First U.S. LNG cargo delivered to Lithuania

First U.S. LNG cargo delivered to Lithuania

The floating terminal “Independence” in Klaipeda received on the 21st of August 2017, 140,000 cubic meters of U.S. LNG gas. The spot cargo was delivered by Cheniere Energy, the owner of Sabine Pass liquefaction terminal in Louisiana. It is the first delivery of [...]

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The Baltic Pipe Project moves to the next level

The Baltic Pipe Project moves to the next level

The Phase I of the Open Season 2017 for the Baltic Pipe project revealed an existing interest in the realisation of the Baltic Pipe Project and confirmed sufficient demand for gas transportation from the North Sea through Denmark and the Baltic Sea to Poland. Based on [...]

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Three Seas Initiative Summit’s joint declaration

Three Seas Initiative Summit’s joint declaration

Heads of state from Central Europe met for the 2nd Summit of the 3 Seas Initiative to address how to drive forward regional infrastructure projects. The joint declaration states the will of the 12 countries located between the Adriatic, the Baltic and the Black Seas, [...]

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North-South Gas Corridor: Poland and Croatia join efforts

North-South Gas Corridor: Poland and Croatia join efforts

Polish gas pipeline operator GAZ-SYSTEM signed an agreement with Croatian counterpart Plinacro to move forward towards achieving the North-South Gas Corridor, during the Three Seas Initiative Summit, early July. The two operators underlined their will to boost the [...]

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Croatia and Hungary sign MoU on gas interconnection project

Croatia and Hungary signed a memorandum of understanding (MoU) on a common approach towards the construction of a gas interconnection between the two countries. The MoU foresees the establishment of bi-directional gas transmission in three phases. During the first [...]

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The Baltic region needs new power plants for after 2025

The long-term power system adequacy analysis of the Baltic countries, which has been carried out for the first time by the electricity transmission system operators of Lithuania, Latvia and Estonia, has shown that the existing double-circuit Lithuanian-Polish power [...]

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The Baltic Pipe: companies can bid for capacity

The Baltic Pipe: companies can bid for capacity

Polish and Danish gas transmission system operators (TSOs) have launched the Open Season 2017 Procedure on the 6th of June, inviting all potential shippers to bid for capacity in the probable new gas pipeline from Norway to Denmark and Poland, the Baltic Pipe. The [...]

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First LNG delivery from U.S. Supplier to Poland

Polish Oil & Gas Company (PGNiG) will bring the first delivery of liquefied natural gas from U.S. Supplier to Poland. LNG will be delivered by Cheniere Energy. The transaction was overseen by PGNiG trading office branch in London. The first cargo of LNG  from a [...]

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The PSE strategy for 2017-2019

The PSE strategy for 2017-2019

The PSE strategy for 2017-2019 – innovation with a view to future generations and respect for all stakeholders, covers the following issues: Safety for future generations Sustainable development Stable system operation Money spent in a better way PSE resources. This [...]

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PGE Group – operating and financial results for 2016

PGE Group – operating and financial results for 2016

Electricity distribution and sales volumes increased compared to the previous year Construction of new units at Opole and Turów is on schedule. Work at Opole is over 70% complete and nearly 18% at Turów PGE expects further efficiency improvements and higher [...]

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LOTOS posts record high results

LOTOS posts record high results

Consolidated LIFO-based EBITDA, normalised to remove one-off items, reached almost PLN 2.6bn in 2016, 20% up on 2015. Consolidated LIFO-based EBIT soared 175% year on year, to PLN 1.9bn. Consolidated net profit for the year exceeded PLN 1bn, the best ever result [...]

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The new Romanian energy strategy explained by its coordinator

The Energy Ministry posted on the 19th of December, the Energy Strategy of Romania 2016-2030, with an Outlook to 2050. It has been a long-awaited document, on which stakeholders have for years pinned hopes about favored energy policies and from which decision-makers, [...]

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U.S. LNG export projects – Part 3 (Projects under review)

U.S. LNG export projects – Part 3 (Projects under review)

In this, the third of our three-part series, we take a look at the U.S. liquefied natural gas (LNG) export projects that are currently in the middle of their regulatory reviews at the Federal Energy Regulatory Commission (FERC)—which has jurisdiction over the siting, [...]

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OPAL pipeline increased capacity – a legal perspective

General information OPAL Gastransport & Co. KG, operates the OPAL, an approximately 470 kilometers long pipeline, which runs south from the Nord Stream landing point in Lubmin, near Greifswald, as far as the Czech Republic. Along the route, the natural gas [...]

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U.S. LNG Export Projects – Part 2 (Projects Near Development)

U.S. LNG Export Projects – Part 2 (Projects Near Development)

As discussed in last month’s CEEP Report, the United States has five LNG export projects that are already under construction, which could produce 68.4 million tonnes per annum (mtpa) of LNG when all 14 “trains” come online before the end of 2019. (Currently, only two [...]

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Sixth edition of the Refining Forum

Sixth edition of the Refining Forum

On March the 1st, 2016, the Refining Forum achieved an important milestone when it convened for its sixth edition, with the participation of Climate Action & Energy Commissioner, Arias Canete, MEP Elissabeta Gardini, the Mayor of Thessaloniki, Member States, the [...]

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Forests and green lands needed as a global storage of CO2

Forests and green lands needed as a global storage of CO2

The absorption of GHG emissions by forests and green lands, which serves as an important storage of CO2, has been included in the Paris Agreement, due to the active role of the Polish delegation supported by others. It will also prevent the increase of GHG emissions [...]

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Poland’s gas diversification: the Nordic dimension

Poland’s gas diversification: the Nordic dimension

Poland has long eyed Norway’s oil and gas resources in its quest to diversify its sources of imported energy. In February, during her visit to Oslo, Poland’s Prime Minister, Beata Szydlo, re-animated Warsaw’s vision of a pipeline, linking Poland to Norway’s North Sea [...]

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The importance of joint lobbying

The importance of joint lobbying

Hungary, along with many other countries in Central Europe, has had high hopes with regards to the functioning of the European markets, and joining the European Union. The same applies in the case of the field of energy. The expectations also had somewhat idealistic [...]

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Power Bridge to Soon Connect Poland and Lithuania

Ensuring uninterrupted, secure supplies of electricity is one of the most important tasks of the European Union’s electricity market. Poland, on account of its location in the central part of Europe, is obligated to create conditions for the safe transit of [...]

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The integration of the Baltic States‘ electricity systems into the European power network: a win-win project

The integration of the Baltic States‘ electricity systems into the European power network: a win-win project

Despite being EU Member States for more than a decade, Lithuania, Latvia, and Estonia, as far as the energy sector is concerned, have remained a part of the huge Russian IPS/UPS system. The current geopolitical situation, therefore, shows the importance and necessity of a deeper integration of the Baltics with the Continental Europe, and most particularly, in the energy sector.

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Germany’s energy contradictions exposed

Germany’s energy contradictions exposed

As Germany is currently falling short of its ambitious plans to cut CO2 emissions, Vice-Chancellor and Federal Minister for Economic Affairs and Energy, Mr. Sigmar Gabriel, announced in early 2015 the intention to impose a climate levy on ageing power plants. As this [...]

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Summary of the Second German-Polish Energy Forum

Summary of the Second German-Polish Energy Forum

After its successful first edition last year, the German-Polish Energy Forum continued the dialogue between key decision-makers from both countries on March the 23rd , in Berlin, addressing common challenges and opportunities in the field of energy policy. The [...]

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Romanian Energy Topics for 2015

Romanian Energy Topics for 2015

The major trends of 2015’s world energy were largely set in the second half of 2014. Undoubtedly, the stunning oil price plunge that began in June has been the overwhelming development, causing major economic and political effects on a global scale. Significant [...]

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Upcoming Event in Romania: ZF Power Summit ’15

Upcoming Event in Romania: ZF Power Summit ’15

The international context and the changes in Romania announce a heated debate. The oil price continues to go down, royalties are still an issue to be addressed; yet spectacular initial public offerings are expected and the energy strategy has to be finalized by a new [...]

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Finland expands energy co-operation with Russia

With Finland unveiling plans to export electricity to Russia starting next year, and the country’s leading energy group, Fortum, aiming to invest €4.2 billion in Russia by the end of 2015, the ties between the Finnish and Russian energy sector are expected to further [...]

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Poland’s largest photovoltaic farm launched in Gdańsk

Poland’s largest photovoltaic farm launched in Gdańsk

Energa S.A. has just completed the construction of a photovoltaic farm just outside of Gdańsk and Przejazdowo, using 6,292 panels with a total capacity of 1.636 MWp, taking up an area the equivalent of three football fields (25,000 square metres). It is estimated that [...]

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ArcelorMittal and TAURON Group start a joint venture

ArcelorMittal and TAURON Group start a joint venture

Representatives of the Boards of Directors of ArcelorMittal Group (ArcelorMittal Poland S.A., AMO HOLDING 11 S.A., AM Global HOLDING Bis a société à responsabilité limiteé and ArcelorMittal Ostrava a.s.) and TAURON Group (TAURON Polska Energia S.A., TAURON Wytwarzanie S.A. and TAURON Ciepło sp. z o.o) on August 11, 2014 in, Katowice, signed an agreement on establishing a joint venture – TAMEH Holding sp. z o.o.

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Polish Atomic Programme: shareholder agreement concluded

Polish Atomic Programme: shareholder agreement concluded

Four Polish companies concluded a shareholder agreement concerning the developing project of the first Polish nuclear power plants. The agreement signed on the 3rd of September, 2014, obliges the parties to follow a common – proportionate to the shares held – financing of activities connected with investments in the period of the next three years. The partners anticipate that the total costs will amount to around PLN 1 billion, which equals approximately Euros 195 m.

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