Autor: Michał Paszkowski

Baltic Team

IEŚ Commentaries 917
Michał Paszkowski - Baltic Team

Diesel supplies to the Western Balkan countries in the new international environment

For years, Russia has played an important role in supplying liquid fuels by sea to all of Europe, especially diesel fuel, a key product in the transportation industry. The Russian Federation’s armed attack on Ukraine in 2022 led to changes in commodity markets, affecting the volume of liquid fuel imports to the Western Balkan countries. Due to the new market conditions,...

More →

Baltic Team

IEŚ Commentaries 915
Michał Paszkowski - Baltic Team

Serbia activates natural gas supply efforts

Serbia has, for years, been dependent on natural gas supplies from the Russian Federation, and the resulting political influence has had consequences for its energy policy and the presence of Russian capital in key energy companies. In recent months, however, there has been a noticeable modification of the Belgrade government’s position on the importance of Russia in ensuring...

More →

Baltic Team

IEŚ Commentaries 879
Michał Paszkowski - Baltic Team

Sweden’s electricity sector challenges

For years, Sweden’s low electricity prices have been a direct consequence of the operation of the country’s nuclear and hydroelectric power plants. A stable level of energy demand has made Sweden an energy exporter, but the situation may change over the next several years. Such a situation will require appropriate investment measures. Over the years, negative public attitudes...

More →

Baltic Team

IEŚ Commentaries 829
Michał Paszkowski - Baltic Team

Croatia plans to build a regional gas hub

Croatia is taking active steps to increase its participation in ensuring the energy security of Central European countries. A key tool will be the expansion of the LNG terminal on Krk Island, which is expected to eventually supply natural gas to many countries in the region from alternative sources to Russia. Expansion of the terminal and natural gas pipelines is extremely...

More →

Baltic Team

IEŚ Commentaries 808
Michał Paszkowski - Baltic Team

Bulgaria considers returning to construction of Burgas-Alexandroupoli pipeline

Bulgaria is considering a return to the construction of the Burgas-Alexandroupoli pipeline, which would allow greater diversification of crude oil supplies to the Burgas refinery. The project was initiated as early as 1993, at which time it was intended to increase exports of Russian crude oil to international markets. The ongoing Russian-Ukrainian war and sanctions imposed on the...

More →

Balkan Team, Baltic Team, Visegrad Team

IEŚ Commentaries 807
Jan Muś | Michał Paszkowski | Dominik Héjj - Balkan Team, Baltic Team, Visegrad Team

Serbia-Hungary pipeline: a new chapter in energy cooperation

Serbia has been taking active steps for several months to diversify the sources and directions of crude oil supplies to the country’s only operating refinery in Panchevo. Due to sanctions imposed on Russia, the plant is currently unable to import crude oil from that country. However, the government in Belgrade is in favor of building a pipeline linking Serbia and...

More →

Baltic Team

Komentarze IEŚ 753
Michał Paszkowski - Baltic Team

Kazakhstan: questionable source of crude oil supply for Central European refineries

The entry into force on December 5, 2022 of European Union sanctions against Russia, which prevent the import of crude oil from that country by sea, has forced refiners in Europe, including those in Central Europe, to seek alternative grades, including from Kazakhstan. On one hand refineries in Germany are counting on crude oil supplies from that country, but the direction of...

More →

Balkan Team, Baltic Team

IEŚ Commentaries 642
Michał Paszkowski - Balkan Team, Baltic Team

EU sanctions against Russia and potential problems with Serbia crude oil supplies

The sixth package of sanctions against Russia introduced by the European Union in connection with the attack on Ukraine will have consequences for Serbian Pančevo refinery, owned by Russian companies. Deliveries to the plant are taking place via the Adria pipeline and the Omišalj oil terminal in Croatia, and the new sanctions prevent the unloading of Russian crude oil in EU...

More →

Baltic Team, Visegrad Team

IEŚ Commentaries 613
Łukasz Lewkowicz | Michał Paszkowski - Baltic Team, Visegrad Team

Slovakia: the game about crude oil supplies from Russia

In Slovakia, a debate has been going on for a long time about the possible imposition on crude oil supply embargo from Russia by the European Union countries. The Slovak government hopes to obtain an appropriate derogation period from these provisions. Technological and infrastructural reasons are indicated as the problem. The project of introducing a special tax on crude oil...

More →

Baltic Team

IEŚ Commentaries 587
Michał Paszkowski - Baltic Team

The Baltic States: stop Russian natural gas imports

Despite their natural gas supplies dependence, the Baltic states decided to suspend their imports from Russia. Such a decision is connected with the necessity to look for alternative supply sources and to fully use the existing infrastructure, which will also be expanded. Regional cooperation, including with Poland, will be key for Lithuania, Latvia, and Estonia. Due to Russia’s...

More →

Baltic Team, Visegrad Team

IEŚ Commentaries 585
Michał Paszkowski | Łukasz Lewkowicz - Baltic Team, Visegrad Team

Slovakia: natural gas supply diversification with a government misunderstanding

Slovakia has condemned unequivocally Russia’s attack on Ukraine and is now consistently in favour of introducing an embargo on the import of energy resources and oil products from Russia. The country’s high dependency on natural gas supplies necessitates the creation of a more diversified structure of imports, which, however, in current market conditions, will be a serious...

More →

Baltic Team

IEŚ Commentaries 565
Michał Paszkowski - Baltic Team

Without consensus: Central European countries move towards oil and gas embargo of Russia

Central European countries have different approaches to the possibility of introducing sanctions against Russia, among them suspending the import of crude oil and natural gas. While all states condemned Russia’s armed aggression against Ukraine and supported economic and political sanctions, there is no full agreement on sanctions relating to energy. This type of approach is due...

More →

Baltic Team

IEŚ Commentaries 467
Michał Paszkowski - Baltic Team

The European Commission counters development of the oil shale sector in Estonia

For years, oil shale, with its similarity to coal, has played a key role in Estonia’s energy system. Currently, oil shale is burned for heat and power generation, or used (after processing) to produce liquid fuels (mainly marine fuel). To combat global climate change and environmental degradation processes, European Commission has prepared a new legislative package (Fit for 55),...

More →

Baltic Team

IEŚ Commentaries 458
Michał Paszkowski - Baltic Team

Orlen Lietuva: new refinery installations crucial to improve efficiency

Mažeikiai refinery in Lithuania, owned by ORLEN Lietuva (a PKN ORLEN S.A. subsidiary), is the only plant of its kind operating in the Baltic States. Oil products are exported both to neighbouring countries and to international markets through oil terminals at the Baltic Sea. Due to the tough market conditions, logistical problems, and the Lithuanian climate policy, the plant...

More →

Baltic Team

Komentarze IEŚ 434
Michał Paszkowski - Baltic Team

Winter is coming. Central European countries and their preparations for the increased natural gas demand

In Central European countries (as in other parts of the continent), the level of natural gas stored in underground gas storage (UGS) facilities before the coming autumn-winter period is low. This situation is a consequence of the limited availability of this commodity. Market conditions are not very favourable, and if such a situation continues in coming months, problems with the...

More →

Baltic Team

IEŚ Commentaries 342
Michał Paszkowski - Baltic Team

Oil companies in trouble: the condition of refineries in Central European countries

The refining industry, like many other sectors of the economy, is in an extremely difficult situation due to the COVID-19 pandemic. The introduced restrictions (e.g. closed land, sea, and air borders) resulted in a decrease in the demand for all types of fuels. There are over a dozen refineries in Central Europe which had to reduce cut runs. The persistently low refinery margins...

More →

Eastern Team

IEŚ Commentaries 277
Michał Paszkowski - Eastern Team

Belarus and Ukraine: a new market for crude oil from the US?

In 2020, both Belarus and Ukraine purchased US crude oil, albeit for different reasons. The scale of import is small, but the market and international conditions could change it. In particular, if Belarus decides to create a more diversified structure of imports, it could count on the US (export of a similar crude oil grade). Unfortunately, the current political situation is not...

More →