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In March, Gaz-System launched a binding open season for regasification capacity at the planned second FSRU
The company said in a statement on Tuesday that four companies have signed contracts for long-term regasification capacity at the second FSRU, but it did not name the firms.
This means that a second FSRU terminal will be built in Gdansk Bay, and Poland will have three LNG terminals with a combined regasification capacity of over 20 billion cubic meters of gas per year, Gaz-System said.
According to Gaz-System, market participants’ interest exceeded the initial offer of 39 slots per year.
As a result, Gaz-System has decided to increase the new terminal’s regasification capacity from the planned 4.5 billion cbm to 6.1 billion cbm of gas per year.
A total of 47 slots per year were contracted for the period 2030–2039 and 35 slots for the period 2040–2044.
After increasing the technical capacity of the second FSRU to 58 slots, the total booking rate for the entire service period reached 74 percent, Gaz-System said.
The company noted that the development of LNG infrastructure is part of a long-term strategy to strengthen Poland’s energy security and build a modern gas market.
Also, the combined regasification capacity of LNG terminals in Poland will not only meet domestic consumer demand but also support the development of the regional energy market and the integration of Central and Eastern European gas systems, it said.
Combined with extensive access to infrastructure, including interconnectors with Denmark, Germany, the Czech Republic, Slovakia, and Lithuania, Poland will have nearly 50 billion cbm of annual gas import capacity starting in 2030, Gaz-System added.
PGE, Unimot
Poland’s energy firm PGE said in a separate statement later on Tuesday that it has signed an agreement with Gaz-System to secure regasification capacity at the second Gdansk FSRU.
PGE said its estimated financial commitment amounts to approximately 2.8 billion zlotys ($744.7 million) over a 15-year period, starting from the date the FSRU-based terminal becomes operational.
The firm said that the agreement is conditional on Gaz-System taking a final investment decision on the project.
In addition, Poland’s gas supplier Unimot Energia i Gaz, a unit of Unimot, also said in a statement that it has signed agreements with Gaz-System, securing the right to use the second FSRU.
The company secured the right to 12 LNG regasification slots per calendar year for 15 years, beginning in 2030.
The total value of the agreement amounts to approximately 2.1 billion zlotys ($558 million), it said.
First FSRU
Gaz-System is currently building an FSRU-based terminal in the Gdansk area, designed to allow the supply of up to 6.1 bcm per year of natural gas from LNG regasification.
Poland’s Orlen previously booked the entire 6.1 bcm per year of regasification capacity at the FSRU-based facility.
Orlen is also the sole offtaker for volumes from Gaz-System’s Swinoujscie LNG terminal, Poland’s first LNG import facility.
Moreover, South Korean shipbuilder HD Hyundai Heavy Industries officially started building MOL’s 170,000-cbm FSRU, which will serve Gaz-System’s Gdansk LNG project last year.
Last month, the shipbuilder launched the new unit.
In April 2024, Japan’s shipping giant MOL signed a long-term FSRU charter deal with Gaz-System.
(Updated with statements by PGE and Unimot Energia i Gaz.)