Poland Oil and Gas Sector Report 2024-2025

Poland's limited oil and gas reserves necessitate a heavy reliance on imports to meet the growing demand for fuel. In 2022, only about 3% of its crude oil demand for refineries was met through domestic production, while natural gas production covered about 27% of consumption, which due to increases in gas prices decreased by 12% y/y in 2022. The Russian invasion of Ukraine served as a catalyst for Poland's long-standing efforts to gain energy independence away from Russian sources. This included the termination of the contract between PGNiG and Gazprom in April 2022 as well as the halting of deliveries of Russian oil to Polish refineries. Poland reduced its dependence on Russian supplies through increased imports, mainly from Saudi Arabia, Norway, the UK and the US. The Polish government's Energy Policy until 2040 foresees a consistent level of liquid fuel consumption in Poland. It also envisions a crucial role for natural gas in facilitating the transition from a coal-dependent energy system to one centred around nuclear and renewable sources.

This report provides a complete and detailed analysis of the "Oil exploration" sector for Poland. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Oil exploration" sector in Poland
• Crystallise the forces both driving and restraining this sector in Poland
• Ascertain Poland’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Poland.
• Build a clear picture of trends, output and consumption for specific sub-sectors