LNG under long-term agreement between PGNiG and Cheniere arrives in Poland

PGNiG announced today the first cargo of LNG under the long-term contract between PGNiG and Cheniere Energy arrived today at the President Lech Kaczyński LNG Terminal in Świnoujście Poland. The long-term contract, which was signed in November of 2018, will total approximately 39 bcm of natural gas over the 24 year period of the agreement.

Oak Spirit – the LNG carrier that arrived at the terminal in Świnoujście – provided about 165 thousand cubic meters of LNG, which after regasification equals about 95 million cubic meters of natural gas. It was the 65th delivery of LNG to Poland since the launch of the LNG terminal. In June 2017, the company received the first ever LNG load from the United States – a spot supply from 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 Woźniak, President of PGNiG Management Board.

PGNiG signed a 24-year agreement with Cheniere Marketing International in November 2018. In 2019-2022, the total volume of supplies will amount to approximately 0.52 million tonnes of LNG, or approximately 0.7 billion cubic meters of gas after regasification. In the years 2023-2042, the total import volume will reach approx. 29 million tonnes (about 39 billion cubic meters after regasification) - which means that from 2023, PGNiG will buy approx. 1.45 million tonnes of LNG each year (around 1.95 billion cubic meters of gas after regasification).