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PGNiG receives US LNG cargo

Published by , Senior Editor
Hydrocarbon Engineering,

The first cargo of LNG under the long-term contract between PGNiG and Cheniere Energy recently arrived at the President Lech Kaczynski LNG Terminal in Swinoujscie, Poland.

The long-term contract, which was signed in November 2018, will total approximately 39 billion m3 of natural gas over the 24-year period of the agreement.

The official reception ceremony of the first delivery at the LNG terminal included representatives of the government of the Republic of Poland, local authorities, as well as executives from PGNiG and Cheniere Energy.

“Two years ago, in this place, together with our partners from Cheniere we greeted the first ever delivery of American LNG to Poland and to this part of Europe. The cargo, purchased as part of a spot transaction, came from Cheniere. Today we are also meeting with our American partners and with today's delivery we are launching the first long-term contract for the purchase of LNG from the USA,” said Piotr Wozniak, President of PGNiG Management Board. “Our portfolio of contracts with US suppliers covers over 9 billion m3 of natural gas after regasification annually – that is more than we import from Russia. Such a volume strengthens Poland's energy security, but also gives us the opportunity to actively participate in LNG trading on the global market,” he added.

Oak Spirit – the LNG carrier that arrived at the terminal – provided about 165 000 m3 of LNG, which after regasification equals about 95 million m3 of natural gas. It was the 65th delivery of LNG to Poland since the launch of the LNG terminal.

“This first cargo under our long-term agreement is the start of more than two decades of partnership that will bring reliable, clean, and secure energy to Poland,” said Anatol Feygin, Executive Vice President and Chief Commercial Officer for Cheniere. “We are honoured to stand with our partners today to welcome this inaugural cargo, which will be followed by many more for years to come.”

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