Page 18 - EurOil Week 06 2023

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player in Poland’s retail fuel market – after In January 2022, PKN Orlen picked to Europe remain limited and not much
PKN Orlen and BP - while PKN Orlen is Unimot to buy a 100% stake in Lotos higher than those delivered to its strategic
now the fourth-biggest in Hungary. Terminale as part of fulfilment of the partner, Turkey, alone.
The first MOL-branded fuel station in Commission’s conditions in the Lotos In 2023, the country’s exports to Europe
Poland is a recently built one, 75 kilometres takeover. will increase marginally to 11.6bn cubic
north of Krakow, along the busy road to Unimot will buy nine fuel terminals, meters, from 11.3bn cubic meters in 2022.
Kielce and Warsaw. five belonging to Lotos Terminale and This means that the exports to European
MOL’s retail network is currently nearly four owned by PKN Orlen, with the total countries other than Romania will actually
2,400 stations in 10 countries. capacity of 350,000 cubic meters, Unimot decrease – assuming the 1bn cubic meters
said in a market filing. deliveries to Romania are more than a mere
Unimot will also purchase asphalt “possibility” but actual deliveries.
Turkey’s Erciyas and consortium production facilities in Jaslo and to Turkey is planned to rise by 19% to 10bn
For comparison, the exports of Azeri gas
Czechowice-Dziedzice under the deal.
win steel pipe supply tender for Gdansk refinery to Saudi Aramco, which cubic meters in 2023.
Earlier, PKN Orlen sold the stake in the
western Black Sea natural gas also bought Lotos’ wholesale subsidiaries Serbia expects gas supplies
Lotos SPV 1 and Lotos-Air BP Polska. In
project the other leg of the merger-clearing deal,
Hungary’s state-controlled oil and gas firm
Turkish pipe maker Erciyas Celik Boru MOL bought Lotos’ retail operations. from Azerbaijan in early 2024
Sanayi has, as part of a consortium, won Unimot is the largest independent fuel Belgrade expects to start purchasing
the steel pipe supply tender for the Western importer in Poland. The company also Azerbaijani gas in early 2024, according
Black Sea Phase 3 natural gas line project operates more than 100 fuel stations under to Serbian Mining and Energy Minister
being delivered by Turkey’s state-controlled the Avia brand. Dubravka Đedović.
Petroleum Pipeline Corporation (Botas). “Serbia became more involved in the
The value of the tender was around Southern Gas Corridor project at a later
Turkish lira (TRY) 1.06bn ($56.4mn), with Romania’s Romgaz signs stage, but we are rapidly working on
Erciyas’ share being TRY 528.7mn, Erciyas becoming part of this route. This will allow
said. contract for “possible” imports us to diversify our sources of gas supplies
The company’s annual production and ensure their greater security,” Đedović
capacity is 600,000 tonnes/year. of Azeri gas said in Baku at the ninth ministerial
meeting of the Advisory Council on the
Romanian state-controlled gas company Southern Gas Corridor (SGC).
Poland’s fuels company Unimot Romgaz (BVB: SNG) announced the the construction of the Bulgaria-Serbia
According to her in the autum of 2023,
signing of a new “individual contract”
buys PKN Orlen’s logistics under the framework agreement concluded gas interconnector will be completed.
“We expect the first gas supplies (from
in November 2022 with Socar Trading, a
business subsidiary of the State Oil Company of the Azerbaijan) at the beginning of 2024, which
Republic of Azerbaijan.
also depends on the speed of commercial
Warsaw-listed fuels firm Unimot bought The first individual contract was signed negotiations of all interested parties. We
Lotos Terminale, a logistics company, from on December 16 and “allows for scheduled hope for the maximum effectiveness of the
PKN Orlen, the listed state fuels and energy gas deliveries starting with January 1st, negotiations so that gas from Azerbaijan
group, Unimot said on February 5. 2023, through the Southern Corridor.” can be delivered to Serbia as soon as
The PLN450mn (€95.36mn) deal comes It is not clear whether imports were possible,” she added.
in the wake of requirements set up by the actually carried out already. Đedović said that in Baku she plans
EU as a condition for the merger of Lotos The second individual contract “ensures to hold talks with representatives of
with PKN Orlen. the possibility of gas deliveries up to 1 Azerbaijan on the volume of gas supplies
The European Commission cleared the billion cm until March 2024 and shall enter and price, as well as on receiving electricity
takeover in 2021 pending PKN Orlen’s in force on April 1st, 2023.” from Azerbaijan. Earlier it was reported that
meeting a list of conditions, such as It “prolongs the contractual framework Serbia plans to cover up to 40% of its gas
divesting a 30% stake in a Lotos refinery in established by the first individual contract needs through supplies from Azerbaijan. ™
Gdansk, the sale of 80% of its fuel stations, concluded by the companies at the end of
and offloading both PKN Orlen and Lotos last year.”
fuel terminals to a third party. The gas amounts exported by Azerbaijan

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