Natural Gas: Polish Oil and Gas Company (PGNiG) confirms US LNG supply deal

Ramping up the use of the new (and already being expanded) President Lech Kaczyński LNG Terminal. Qatar is currently Poland's largest LNG supplier with the next step in the diversification away from reliance on Russia to be increasing Norwegian gas via the Norway-Denmark-Poland Baltic Pipe by October 2022.

From LNG World News, Oct. 17:

 Polish Oil and Gas Company (PGNiG) said it has executed two liquefied natural gas supply deals for the delivery of chilled fuel from Venture Global’s Calcasieu Pass and Plaquemines projects.

The long-term binding deals were signed late September following the corporate approvals, PGNiG said in a statement. The preliminary deals have been signed in June.

Each contract provides for the purchase by PGNiG of approximately 1 million tonnes of LNG annually for 20 years.

The deliveries may be further traded by the company on international markets and will be made on a free-on-board basis, PGNiG’s statement reads.

The contracts are in line with PGNiG’s strategy to expand its LNG trading business on global markets....MORE