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PGNiG to provide gas to PGE

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LNG Industry,

According to Reuters, PGNiG – the Polish state-run gas firm – will provide approximately 2.2 billion m3 of gas to PGE, which is another state-run power group. The gas will be provided for a cost of approximately 2.2 billion zlotys (US$561.67 million).

Reuters reports that the contract was officially signed on 30 August 2016. It added that it will be binding to 1 October 2019, but that it could be extended to 1 January 2023.

Earlier in 2016, the company successfully took delivery of its LNG cargo on the spot market through its terminal in Swinoujscie, Poland. The 140 000 m3 shipment was provided by Statoil from the Port of Melkøya, Norway, and delivered via the Arctic Princess LNG carrier to the President Lech Kaczynski LNG terminal.

Edited from various sources by David Rowlands

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