Saturday, September 26, 2020
Home Oil & Gas PGNiG secures another LNG supply from the US

PGNiG secures another LNG supply from the US

Polish Oil and Gas Company PGNiG has received another supply of US liquefied natural gas (LNG) from Texas-based company Cheniere Energy, continuing the cooperation between the two companies to provide secure supplies of natural gas to Poland.

Under the 2018 contract between both companies, starting from 2023 the annual LNG volume to be delivered by the US producer will increase to 1.95 billion cubic metres (bcm) after regasification.

“Despite the current turmoil in the world related to the coronavirus pandemic, LNG supplies flow to Poland as planned and without any disruptions,” commented Jerzy Kwieciński, President of the PGNiG Management Board. “In this respect, we can count on the reliability and timeliness of our contractors. LNG import is one of the pillars of our country’s energy security, which we base on solid foundations of cooperation with our American partners among others. In the case of LNG from Cheniere, the supply volume will increase significantly from 2023, reaching about 1.95 bcm of natural gas annually.”

At the end of April, the LNG carrier with the symbolic name GasLog Warsaw anchored at the President Lech Kaczyński LNG Terminal in Świnoujście, delivering approximately 70,000 tons of LNG, which after regasification equals about 95 million cubic metres (mcm) of natural gas. This is the third supply from Cheniere under a long-term contract with PGNiG and the second delivered this year under the contract. The cargo arrived from the Sabine Pass export terminal on the Gulf of Mexico.

“Cheniere is pleased to continue to reliably deliver LNG to our customer PGNiG,” added Anatol Feygin, Executive Vice President and Chief Commercial Officer at Cheniere. “We are committed to the goal of providing a secure source of U.S. natural gas for Poland, now and in the future.”

PGNiG and Cheniere Energy have been working together for several years. In June 2017, the first load of American liquefied gas in history arrived in Poland, a spot supply from Cheniere. At the end of 2018, both companies concluded a long-term LNG supply agreement, and the first cargo under this contract arrived in July 2019.

Photo: Cheniere Energy’s official Facebook page.

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