Monday, May 16, 2022

HomeLNGPGNiG and ERU contract US LNG for Ukraine

PGNiG and ERU contract US LNG for Ukraine

Poland’s oil and gas company PGNiG has purchased a US LNG cargo to be supplied to the Ukrainian border for Energy Resources of Ukraine (ERU), a group of companies with foreign investments in Europe, specialised in the implementation of projects in the Ukrainian energy sector. This will be the second time that US gas is delivered to Ukraine thanks to the cooperation of both companies.

The ship with the US LNG will arrive at the President Lech Kaczyński LNG Terminal in Świnoujście at the end of February this year. After re-gasification, the fuel will be fed into the Polish transmission system. ERU Europe will be receiving the purchased fuel at the interconnection between Poland and Ukraine until the end of March 2022.

“This is yet another delivery of American LNG to Ukraine made by PGNiG in cooperation with ERU, which is our strategic trading partner on the Ukrainian market,” said Paweł Majewski, President of the Management Board of PGNiG. “Good relations built over the years are particularly important now, at a time of great turbulence on the gas market in Europe. Thanks to the investments in gas infrastructure carried out in Poland in recent years, we can strengthen the energy security of the region by ensuring our customers’ access to diversified sources of natural gas and the ability to choose the best offer on the market.”

“[…] For Ukraine, as for Europe, diversification of supply and especially LNG is a key element of energy independence,” added Dale Perry, ERU Managing Partner. “For me, especially now, this is not only a responsibility for the state but also a responsibility for private companies.”

“Our supply of competitive natural gas from the US will support Ukrainian customers’ resilience and safety of supply in the remaining months of this winter”, stated Yaroslav Mudriy, his fellow Managing Partner. “The new LNG deal adds to PGNiG and ERU’s efforts in supporting the long-term energy independence of Ukraine, by developing new gas production through joint gas Exploration and Production.”

This is the second gas delivery to Ukraine made by PGNiG and ERU based on the purchase of US LNG after the first one which took place over two years ago. The two companies have been working together for several years. More recently, in October 2021, PGNiG Group, in cooperation with ERU, made the first-ever supply of non-Russian gas to Moldova.

Sign up to our biweekly newsletter

    Most Popular