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News // Transportation and storage

PGNiG: another spot delivery of US-sourced LNG to Świnoujście

14 December 2018 , 14:06Neftegaz.RU466

Warsaw, December 14 - Neftegaz.RU. On December 13th, PGNiG received a delivery of liquefied gas shipped to Świnoujście by Centrica LNG. It was the 3rd spot delivery arriving at the President Lech Kaczyński Terminal this year.

 

The Hoegh Gallant vessel arrived in Poland carrying on board approximately 65 000 tonnes of LNG, which, after regasification, will yield almost 90 mcm of gas. The LNG comes from the US and supplied by UK-based Centrica LNG under a spot contract executed by the PGNiG trading office in London.

 

This LNG shipment was the 3rd spot delivery this year and the 7th since the terminal in Świnoujście was launched. PGNiG has received 45 LNG cargoes at the terminal so far, sourced in Qatar, Norway and the US. Irrespective of the spot transaction, the Company receives liquefied gas from Centrica under a 5-year contract of November 2017, providing for a total of 9 LNG deliveries.

 

Liquefied gas represents a growing share of PGNiG’s total imports. In the 1st 9 months of 2018, the Company imported 1.96 bcm of LNG (after regasification), accounting for 18% of all gas volumes it sourced abroad.  A year earlier, the respective figures were 1.33 bcm and 13%.

 

In 2018, PGNiG signed 3 long-term LNG supply contracts with US-based companies Venture Global and Cheniere, under which they are to deliver a total volume of just under 70m tonnes (95 bcm after regasification).  Deliveries from Cheniere are due to start in 2019,  while LNG from Venture Global will be available from 2022 and 2023, once the company’s two liquefaction terminals in the Gulf of Mexico come on-stream.

 

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