Gaz-System merges with Polish LNG terminal operator

Poland’s Gaz-System and its unit Polskie LNG, the operator of the country’s only regasification terminal in Swinoujscie, have completed the previously announced merger.

To remind, the duo signed the merger agreement in October last year.

“The main goal of the integration is to increase the efficiency of the management of investment processes, which were carried out by the companies separately until the merger,” Gaz System said in a statement last week.

Poland’s gas infrastructure operator added it would take over all existing activities of Polskie LNG as the legal successor of the company.

Polskie LNG is currently in the midst of expansion works that will boost the current regasification capacity of the first and only LNG terminal in Poland by 50 percent.

The expansion consists of two phases with the first already underway. This phase includes building two regasification units and Polskie LNG expects works to complete by the end of this year.

The second phase, targeted for completion in 2023, will see the addition of the facility’s second tank and a new jetty.

Once complete, the terminal will have a total regasification capacity of about 8.3 bcm per year but it will also feature an LNG-to-rail installation extending the range of its services.

In addition, the second jetty will have the ability of loading and unloading vessels as well as handling LNG bunkering ships.

Most Popular

BGN delivers its first LNG cargo to Germany, secures Egypt deal

Switzerland-based energy trader BGN has completed its first LNG delivery to Germany, while simultaneously securing a deal to supply Egypt with LNG.

Samsung Heavy wins contract for Eni’s Coral Norte FLNG

South Korean shipbuilder Samsung Heavy has secured a preliminary contract for Eni's second FLNG project in Mozambique, Coral Norte (Coral North), according to shipbuilding sources.

DET says Stade FSRU to be deployed in Jordan

State-owned German LNG terminal operator DET has sub-chartered the 2021-built 174,000-cbm FSRU, Energos Force, for deployment in Jordan, as it works on the next steps for the delayed Stade LNG import facility in Germany.

More News Like This

Poland’s Gaz-System gets loan for Gdansk FSRU project

Poland’s state-owned LNG terminal operator Gaz-System has received a loan from state development bank BGK for the onshore part of the FSRU-based LNG import project in Gdansk Bay.

Poland’s Gaz-System awards Gdansk FSRU contract

Poland’s state-owned LNG terminal operator Gaz-System has awarded a contract for the construction of a jetty and an offshore gas pipeline as part of the FSRU-based LNG import project in Gdansk Bay.

Poland’s Orlen boosts small-scale LNG sales

Poland's Orlen said its small-scale liquefied natural gas (LNG) sales reached a record high in 2024.

Poland’s Gaz-System wraps up LNG terminal expansion

The expanded terminal now has a total regasification capacity of about 8.3 bcm per year, and the increased capacity...