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PGNiG: Another long-term contract for the American LNG signed

The purchases will commence in 2023 from the Port Arthur LNG terminal.

PGNiG: Another long-term contract for the American LNG signed PGNiG: Another long-term contract for the American LNG signed


Warsaw, December 20 - Neftegaz.RU. Polish PGNiG and the American company Port Arthur LNG, a subsidiary of Sempra Energy, signed a 20-year contract for the sales and purchase of LNG. PGNiG will buy annually 2 million tonnes of LNG (approximately 2.7 bcm after regasification). The purchases will commence in 2023 from the Port Arthur LNG terminal, which will be built in Texas.

 

LNG purchases will be made on a FOB (Free On Board) basis, with PGNiG responsible for shipping the LNG from the Port Arthur terminal to the final destination. Port Arthur LNG will manage gas pipeline transportation, liquefaction processing and cargo loading, giving PGNiG flexibility in cargo management. PGNiG plans to deliver cargoes to domestic customers in Poland or trade LNG on the global market, once operations commence.

«This agreement marks an important step toward Poland’s energy independence and security,» commented U.S. Secretary of Energy Rick Perry. «As demonstrated with the launch of the Strategic Dialogue on Energy in Poland last month, the Trump Administration remains committed to increasing energy diversity, advancing energy security, strengthening national security, and creating a future of prosperity and opportunity in Poland and throughout the region.»

 

«Our activities show that we consistently implement our strategy. Another long-term contract not only allows us to develop LNG portfolio with a view to delivering to Poland, but it gives us, in the near future, the possibility of trading in LNG purchased on a global scale,» commented Piotr Woźniak, President of PGNiG.

Port Arthur LNG will be the operator of the Port Arthur terminal being built in Texas off the coast of the Gulf of Mexico. The Port Arthur liquefaction-export facility is proposed to include 2 natural gas liquefaction trains capable of processing approximately 11 Mtpa of LNG; up to 3 LNG storage tanks; 2 marine berths, and associated facilities.

 

«In recent months this is the 3rd contract we have signed with a long-term partner from the USA,» reminded Maciej Woźniak, Vice-President of PGNiG for Trade. «Starting from 2023, PGNiG will have at least 7.45 million tonnes of LNG a year. Such LNG volumes will strengthen the company's position in the LNG market, but will also contribute to increased security of gas supplies for Poland,» he added.

 

To read the full story in Russian.

 

Source : Neftegaz.RU