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Home Oil & Gas PGNiG sells the first two LNG cargoes from Klaipėda

PGNiG sells the first two LNG cargoes from Klaipėda

Polish state-controlled oil and gas company, PGNiG sold the first two LNG cargoes from the reloading station in Klaipėda where, since April 1 2020, the company has been the sole user.

“Despite the challenging market conditions caused by the coronavirus pandemic, it took us only a week to launch our operations in Klaipėda,” said Jerzy Kwieciński, President of the PGNiG Management Board. “On the one hand, this attests to our capabilities in small-scale LNG, while also confirming that the LNG markets in Lithuania and the other Baltic countries have considerable potential.”

The two LNG trucks were loaded on April, 7, and both cargoes were purchased by CRYO Shipping, a Norwegian bunker fuel supplier for LNG fuelled ships, active in the bunkering markets of Scandinavia, the Netherlands, Belgium, Germany and Lithuania.

“We are looking forward cooperating with PGNiG and developing our position as LNG bunker fuel supplier in the port of Klaipeda”, said Nicholai H. Olsen, Managing Director of CRYO Shipping.

Due to the environmental requirements, liquefied gas is increasingly preferred as a fuel for marine transport. The use of the LNG reloading station in Klaipėda offers PGNiG the opportunity to become a major supplier of LNG to ships operating in the region. The port of Klaipėda is one of the five largest ports in the Baltic Sea in terms of cargo handling volumes, while the LNG reloading station has five tanks with a total capacity of 5,000 cubic metres (2,250 tonnes) of liquefied gas.

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