PGNiG snaps more US LNG with Cheniere supply deal

08/11/2018 10:06 LNG

news

Polish Oil and Gas Company (PGNiG) has signed a supply deal with Houston-based Cheniere for the delivery of more US LNG to the President Lech Kaczyński LNG Terminal in Świnoujście.


LNG cargoes will be supplied on a delivered ex-ship basis over a 24-year period starting in 2019, PGNiG said in its statement.


In 2019-2022 the volume of supplies will total approximately 0.52 million tonnes of LNG, or approx. 0.7 bcm of natural gas after regasification, while in the period of 2023-2042, the total import volume will reach 29 million tonnes of LNG, which equals approx. 39 bcm of natural gas following regasification.


It means that starting from 2023 every year PGNiG will purchase about 1.45 million tonnes of LNG, which equals approx. 1.95 bcm of natural gas after regasification, the company said.


LNG cargoes from Cheniere heading for Poland will depart from liquefaction facilities in Sabine Pass, Louisiana and Corpus Christi, Texas.


The deal extends PGNiG’s US LNG supply portfolio and follows 20-year agreements with Venture Global for the delivery of approximately 1 mtpa from its Calcasieu Pass and Plaquemines projects to be located on the Gulf of Mexico and the Mississippi River, respectively.


Source: lngworldnews.com
 

Daily (15.03.2019): EU carbon prices rose by around 2% following Brexit votes

15/03/2019 09:56:00

Oil prices diverged on Thursday. Brent crude decreased by 0.5% to 64.23 USD/bbl, as lower Industrial output data in China and political uncertainty around the prospect of a delayed Brexit weighed on prices. WTI futures rose by 0.6% to 58.61 USD/bbl, supported by an expected decline in U.S. crude inventories and output, as well as by U.S. sanctions on Venezuela and Iran.

<READ MORE

Ørsted to bid in 750-MW Dutch offshore wind tender

15/03/2019 09:15:00

Denmark’s Ørsted A/S said it will take part in the tender for sites III and IV of the Hollandse Kust Zuid (Holland Coast South) zone off the coast of the Netherlands.

READ MORE

Saipem wins new onshore drilling contracts worth around $220m

15/03/2019 09:10:00

Saipem has been new awarded new contracts, and extensions to other already existing contracts, in Onshore Drilling worth approximately 220 million USD in total.

READ MORE