Policy & Regulation

Polish storage obligation unsettles market players

Market players in Poland are trying to come to terms with a new storage obligation that will apply from October Market players in Poland are trying to come to terms with a new storage obligation that will apply from October.
By Andreas Walstad 9 March 2017 0 24741
PGNiG’s underground gas storage facility in Kosakowo, northern Poland. (PGNiG)

A proposal for new gas storage obligations in Poland has once again come under fire, with traders warning the rules will offset progress on market liberalisation and reduce liquidity. 

Under new laws being pushed through by the Polish government, all importers would be required to keep a minimum of 30 days of gas in storage; the move is intended to bolster security of supply in a country largely dependent on Russian gas. 

However, the draft rules – already adopted by the Polish government and applicable from 1...