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News // Oil and gas worldwide

Polish PGNiG signed agreements with 2 U.S. companies for long-term LNG deliveries

27 June 2018 , 16:06Neftegaz.RU717

Washington, June 27 - Neftegaz.RU. Poland´s PGNiG has entered preliminary agreements to purchase LNG from a pair of US suppliers, also in order to reduce its dependence on Russian supplies.

 

 The documents were signed during the currently held World Gas Conference in Washington, DC. PGNiG, Venture Global LNG and Port Arthur LNG announced they have entered into an agreement relating to the terms of delivery of LNG gas from the Port Arthur liquefaction facility, Calcasieu Pass LNG and Plaquemines LNG facilities.

 

 «The signed agreement paves the way for finalizing a contract that will help PGNiG to develop our LNG portfolio in the near future,» commented Piotr Woźniak, CEO of PGNiG. «Starting in 2023, LNG deliveries from the Port Arthur terminal can not only help us to further diversify our import structure, but will also help us in strengthening PGNiG’s activities on the international LNG market. PGNiG is constantly looking for market offers to purchase natural gas at competitive prices.».

 

The agreement defines basic terms and conditions of a 20-year contract to be finalized between the parties for the sales and purchase of 2 million tonnes per annum (Mtpa) of LNG, which equals about 2.7 billion cubic meters (bcm) per year of natural gas following regasification.

 

Cargoes will be supplied starting in 2023 from the Port Arthur LNG facility, Calcasieu Pass and Plaquemines LNG export facilities which are expected to be completed in 2022 and 2023 respectively.

 

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