Poland is Ready to Become a Leader in the European Gas Market 0 24

The Polish government intends to make the republic the main gas hub in Europe by importing liquefied natural gas (LNG), which will replace fuel supplies from Russia. This is stated in a Bloomberg report.

To this end, a floating terminal for LNG imports with a capacity of 6.1 billion cubic meters after regasification is being built off the coast, and plans are in place to construct a second terminal, which will simplify transit to other countries.

The new facilities will allow Poland to claim the status of the main fuel supplier for Eastern and Central European countries, including increasing supplies to Ukraine.

The pipeline operator Gaz-System notes that interest in purchasing gas transported through Poland is growing. Meanwhile, the country is already operating a terminal with a capacity of 8.3 billion cubic meters of gas, allowing it to be self-sufficient without relying on other countries.

Against the backdrop of Europe reducing its dependence on Russia, Croatia, Greece, and Lithuania are also developing their regasification terminals, but Poland's central position in the European gas network gives it an advantage. Additionally, Warsaw can take advantage of underground gas storage facilities in Ukraine, while competitors have limited capabilities for long-term gas storage.

Currently, Poland is already sending gas to Ukraine, with Kyiv ready to purchase large volumes, and Slovakia is also interested in additional supplies. At the same time, experts note that Warsaw needs to work on the regulatory sphere, as working with Polish authorities remains complicated for traders due to excessive regulations.