Page 13 - EurOil Week 13 2022

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The effects of changes in the method of years, to take Putin’s blackmail tools from his Price of natural gas in
supply on the operation of domestic refinery arsenal. Today, this tool of blackmail has also
capacities, possibilities of using domestic oil turned into a tool of war,” Morawiecki said. Bulgaria expected to go up
and increasing reserves of oil and derivatives “That is why we call on everyone in Europe
in warehouses are also considered, in order to follow in our footsteps,” the PM added. by 13% in April
to respond as adequately as possible to Poland is one of the EU’s biggest
interruptions in Janaf oil pipeline supply, the consumers of Russian oil and gas. Imports The price of natural gas in Bulgaria is
ministry said. In addition, all possibilities from the east covered nearly 47% of Poland’s expected to increase by around 13% in April,
to extend the supply from Janaf will be gas demand and just over 64% of oil demand significantly below the previous projections
considered, while measures will be taken in 2020, Forum Energii, a think tank, said of a nearly 58% hike, public broadcaster BNR
to create reserves for bridging possible recently. Coal played a smaller role at 15% of reported on March 30, quoting the head of
disturbances. the overall use. the energy and water regulation committee
The transport of crude oil to Serbia is done In line with the plan, which Morawiecki (KEVR) Stanislav Todorov.
primarily by pipeline, ie the Janaf oil pipeline, said was “the most radical in Europe,” Poland Earlier in March, Bulgaria’s state-owned
which connects the Croatian port of Omisalj will end buying Russian coal by May. The end gas supplier Bulgargaz proposed a 57.7% hike
with the transport system of JP Transnafta, of Russian oil and gas imports will come by of the natural gas wholesale price for April to
from where it is shipped to refineries in Novi the end of the year. BGN179.36 (€91.7) per MWh.
Sad and Pancevo. Ending coal and gas imports will be The new price will be announced on
relatively easy. Coal imports from Russia serve April 1. The estimation of KEVR was for a
mostly to cover heat demand from households significantly lower increase due to the price on
Algeria, Italy look to fill and as the heating season is about to end, international markets at the moment, which
Poland should have sufficient time to find
was lower than that in mid-March.
Russian-shaped hole in gas new suppliers. In the longer run, however, it on Russia for its gas imports, which make up
Bulgaria is almost completely dependent
will have to invest in energy efficiency and
supplies alternative sources of energy for heating. nearly 80% of all imports.
For gas, Poland is about to complete
The Italian foreign ministry confirms Italy and the Baltic Pipe, a gas link from Norway to
Algeria have signed an agreement to launch Poland that will replace gas imported under a Croatia’s Janaf stops
joint political, economic and energy projects contract with Gazprom. The contract expires
this year. at the end of the year and Poland has long said delivering oil to Serbia’s NIS
In late February, Italian Foreign Minister it will not renew it.
Luigi Di Maio visited Algeria to seek new Between the Baltic Pipe, LNG imports because of EU sanctions on
energy partnerships. Italy, as with other EU from the US and Qatar via the terminal
member states, faces a potential gas shortage in Swinoujscie, and domestic production, Russia
due to the ongoing Russia-Ukraine war. Poland’s gas demand can be met even under
Both Italy and Algeria discussed the the assumption that gas use will grow overall Croatian oil pipeline operator Janaf said on
possibility of increasing gas exports to Europe at the expense of coal. March 29 it will stop delivering crude oil to
in the coming period. On oil, Poland will use its oil terminal Serbian oil and gas company NIS following
Algeria is Italy’s second-largest supplier of in Gdansk, which can handle 36mn tonnes the European Union’s sanctions against Russia
gas after Russia. Gas imports are piped from of crude oil annually – clearly more than imposed due to its war in Ukraine.
the Hassi R’Mel field through Tunisia to Sicily 26mn tonnes consumed each year. Polish oil NIS is majority owned by Russia’s Gazprom
via the TransMed pipeline. companies, PKN Orlen and Lotos, will also Neft, which holds 56.15% stake in the Serbian
Italian energy companies Eni, Enel and not prolong their crude oil supply contracts refinery. The Serbian state holds 29.87% of
Edison work in Libya and last year exported with Russia that expire by early 2023. NIS. Unlike EU member Croatia, Serbia has
nearly 21bn cubic metres of gas to Italy, Poland has lambasted Germany and not imposed sanctions on Russia.
almost one-fifth of the country’s gas imports. recently even its close ally Hungary for lack NIS has reserved Janaf capacities for the
of effort in ending their dependence on transportation of 3.2mn tonnes of crude oil,
Russian energy imports, which translates into plus or minus 10%, for 2022. However, unless
Poland presents timetable opposition against an EU-wide embargo on the EU lifts the sanctions, Janaf will not be
them.
able to transport crude oil for NIS after May
for ending Russian energy cut-off from Russian coal, oil, and gas would 15 under this contract, the company said in a
Both Berlin and Budapest say that a fast
statement on the website of the Zagreb Stock
imports by 2023 be economically detrimental. In Hungary, Exchange.
the issue is also highly political ahead of this
Janaf noted that it cannot estimate at the
Poland will phase out imports of Russian coal, week’s election, which the incumbent PM moment the effects of these measures on its
oil and gas in steps by the end of 2022, Prime Viktor Orban hopes to win. performance and whether it would cause its
Minister Mateusz Morawiecki said on March To make its energy sector more resilient financial results to deteriorate in 2022.
30. to the switch away from Russian fossil fuels,
Poland is setting an example that other Poland is also updating in long-haul energy
EU member states should follow, Morawiecki policy, assuming faster growth in renewables Croatia to expand capacity
said. Since the outbreak of Russia’s war and confirming the role of nuclear power.
against Ukraine, Poland has intensified calls Morawiecki also appealed to the European of Krk LNG terminal amid
on the EU to wean itself off Russian energy Commission to introduce a tax on Russian
commodities, which feeds Putin’s “war hydrocarbons. sanctions on Russia
machine”.
“We have been persuading not for several Croatia plans to expand the capacity of its
weeks, not for several months, but for several floating LNG (FLNG) terminal off the island

Week 13 31•March•2022 www. NEWSBASE .com P13