Poland’s PGNiG inks domestic LNG deal

Poland’s dominant gas firm and LNG importer PGNiG has signed a deal with South Korean company LG Chem to deliver chilled fuel and build a small regasification station.

The fuel will supply LG Electronics production plant making electric car batteries near Wroclaw, Poland.

LG Chem Wrocław Energy, a Polish unit of the LG Chem group, received a €480 million loan ($541m) from the European Investment Bank for its battery plant construction.

Under the deal, PGNiG said it will supply nearly 19,000 tonnes of LNG via trucks until 2025.

The Polish company will deliver the fuel to a temporary mobile installation until the completion of the regasification station scheduled for December 2020.

The state-owned company says this is the largest LNG sales contract in its history with the volumes more than two times higher than its previous biggest contract.

PGNiG expects a rise in small-scale industrial LNG use in Poland in the coming years as the use of this fuel not only “guarantees efficient production, but also a positive ecological effect.”

The company is in charge of all the supplies coming to the only Polish import terminal in Swinoujscie operated by Gaz-System’s unit Polskie LNG.

PGNiG recently also secured additional regasification capacity at the facility.

Poland has significantly increased LNG purchases via its terminal in Swinoujscie following PGNiG deals with Qatargas and US player Cheniere.

The move is a part of reducing the country’s decades-old reliance on Russian pipeline gas but also cutting dependence on coal.

- Advertisements -

Most Popular

Tellurian says Shell, Vitol LNG supply deals terminated

US LNG firm Tellurian, the developer of the Driftwood LNG export project in Louisiana, said on Friday that its...

DSME bags order for LNG carrier duo

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering has secured an order for two new liquefied natural gas (LNG)...

Cheniere’s third Sabine Pass LNG jetty almost complete

US LNG exporting giant Cheniere and compatriot Bechtel have almost completed the third jetty project at the six-train 30...

More News Like This

PGNiG: Polish LNG terminal gets 36th cargo this year

Poland’s dominant gas firm and LNG importer, PGNiG, said it has received the 36th LNG cargo at the Swinoujscie...

Poland’s PGNiG says H1 LNG imports up 33 percent

Poland’s dominant gas firm PGNiG said that liquefied natural gas (LNG) imports via the country’s regasification facility in Swinoujscie...

Poland’s PGNiG, PKN Orlen agree on merger plan

Poland’s dominant gas firm and LNG importer, PGNiG, said it has agreed terms for the conversion of its shares...

Poland’s PGNiG gets another LNG cargo via Lithuanian FSRU

Poland's PGNiG has imported another cargo of liquefied natural gas via the Klaipedos Nafta-operated FSRU-based facility in Lithuania's port...