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Poland Oil Security Policy
Country Energy Security Policy - Oil Oil overview Oil demand is heaviest in the transport sector, followed by industry, buildings, and electricity and heat generation (less than 1%). Poland has a well-developed oil infrastructure including a maritime oil terminal in Gdańsk, two large refineries and notable oil storage capacity and extensive pipeline infrastructure. Poland has a comprehensive and tested legislative and regulatory framework in place to respond to an oil emergency. The Act on Stocks sets a 90-day stockholding obligation which is realised in Poland through a mixed system. ‘Intervention stocks’ in the country are held in the form…
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Oil and Gas Emergency Policy: Poland 2011 update
Oil and Gas Emergency Policy: Poland 2011 update In 2007, the IEA published Oil Supply Security: Emergency Response of IEA Countries. This report provided an overview of the IEA oil emergency response system as well as a detailed look at the specific systems in each IEA country for responding to an oil supply crisis. The report represented the findings of a five-year review cycle of the emergency response mechanisms in IEA member countries. Since the 2007 publication, the IEA has started a new cycle of reviews which now includes reviewing gas emergency policies. Rather than waiting for the completion…
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Poland's legislation on oil security
Introduction The Polish oil emergency response regime is governed primarily by the provisions of the Polish 2007 Oil Stockholding Act (OSAC). Relevant domestic legislation Relevant European Unit legislation Other related links Circumstances triggering operation of the emergency response system The provisions of the Polish oil emergency regime are triggered either by threats to the fuel security of the state (article 32(1)(1) OSAC) or if the compliance with Poland’s international obligations requires the taking of emergency measures (article 32(1)(2) OSAC). Authority determining whether emergency exists According to article 33(1) OSAC, it is the minister responsible…
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Oil and Gas Emergency Policy: China 2012 update
…a net oil importer since 1993. More than 50% of the total crude oil imports came from counties of the Middle East. To prevent a potential shock to the economy caused by an oil supply disruption, the Chinese government has been steadily pushing to build an oil stock reserve system. China has completed four stockpiling facilities. Regarding natural gas, a strong policy push has boosted natural gas supplies, particularly to residential customers, so that its share doubled in 2009; in 2010, domestic supplies met 90% of domestic consumption. The key elements of China’s approach to gas security are to…
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Energy Policies of IEA Countries: Poland 2011 Review
…expanding underground storage capacity, and increasing domestic gas production. Polish plans for developing electricity and gas cross-border links will also contribute to regional security of supply. In addition, the government has announced an ambitious nuclear programme by 2030. Other achievements include energy intensity improvements, an increased share of renewables, and a stronger focus on energy R&D. Despite these positive developments, there is room for improving Poland’s energy strategy. First, a more integrated energy and climate policy is needed to put Poland firmly on a low-carbon path while enhancing energy security. Second, energy policy could put more…
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Oil Market Report - October 2024
…bbl. Oil security in focus Benchmark oil prices bounced sharply higher in early October, as potential oil supply risks once again took centre stage. Escalating tensions between Israel and Iran are fuelling fears of a broader Middle East conflict and disruptions to Iranian exports. Nevertheless, the resolution of a political dispute in Libya that briefly cut its oil exports in half, relatively modest production losses due to major hurricanes sweeping the US Gulf Coast and weak end-user demand have helped to steady markets. At the time of writing, Brent crude oil futures were trading at around $78/bbl, up…
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Oil Market Report - May 2017
…refinery closures in the Middle East, underperformance in Latin America and flat growth in India are not offset by growth in China and Russia. Highlights Weakness in a number of previously solid countries - India, US, Germany and Turkey - curtailed the 1H17 global demand growth estimate by 115 kb/d. Global demand growth is, however, still forecast at 1.3 mb/d in 2017, with demand at 97.9 mb/d.Global oil supply fell by 140 kb/d in April as non-OPEC, and especially Canada, pumped less. At 96.17 mb/d, output stood 90 kb/d below a year ago, even as non-OPEC returned…
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China's Worldwide Quest for Energy Security
…their domestic resources; but growth eventually overwhelmed them and led to rising oil imports. Within the next decade, China’s oil imports are expected to grow rapidly and outstrip those of many OECD countries. Gas imports are also projected to increase as China switches to cleaner energy. Aware of its growing dependency on imported energy, China seeks a more prominent position in the existing global system of energy production and trade. Where it can, China seeks to open new connections in global markets. Increasingly, external energy policies are entwined in foreign economic and security policies in general. This book documents…
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Oil Market Report - October 2017
…Following very strong year-on-year demand growth of 2.2 mb/d in 2Q17, the pace slowed to 1.2 mb/d in 3Q17, reflecting relatively weak July and August data and the impact of hurricanes in September. Our forecast of global demand growth remains unchanged at 1.6 mb/d in 2017 (or 1.6%) and 1.4 mb/d in 2018 (or 1.4%).Global oil supply rose 90 kb/d in September to 97.5 mb/d as non-OPEC output edged higher. Output stands 620 kb/d higher than last year. In 2017, non-OPEC supplies are expected to grow by 0.7 mb/d…
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Oil Market Report - May 2023
…oil demand is forecast to rise by 2.2 mb/d year-on-year in 2023 to an average 102 mb/d, 200 kb/d above last month’s Report. China’s demand recovery continues to surpass expectations, with the country setting an all-time record in March at 16 mb/d. While the OECD is set to return to growth in 2Q23, its average 2023 increase of 350 kb/d pales in comparison with 1.9 mb/d in non-OECD gains.Significant outages in Iraq, Nigeria and Brazil were only partly offset by increases elsewhere, with global oil…
