Natural Gas Prices Surge in Poland

Poland’s average natural gas price for 2023 delivery soared by 38.2 percent in March, to Pln392.9 (approximately $92 at current exchange rates) per megawatt-hour (MWh), the Polish News Agency (PAP) reported this week, citing a press statement from the country’s commodity exchange, TGE.

Gas storage facilities in the country are reported to be filled to around 66 percent, according to a separate PAP report, citing Przemysław Wacławski, Vice President of the Management Board of Poland’s state-owned oil and gas company, PGNiG.

Speaking at a recent conference, Wacławski said the company started the process of increasing gas storage since the outbreak of the conflict in Ukraine.