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PGNIG and Cheniere sign long term LNG deal

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Reuters is reporting that Poland’s PGNIG has signed a long-term LNG supply deal with Cheniere.

Currently, Poland’s annual consumption of gas stands at approximately 17 billion m3, of which half is imported from Russia under a long-term deal with Gazprom which is due to expire in 2022.

PGNIG has previously expressed intentions not to renew the contract, and this recent deal with Cheniere marks a clear step towards Poland reducing its dependence on Russia for energy imports.

The new deal stipulates that PGNIG will receive 0.52 million t of LNG between 2019 and 2022, and 29 million t between 2023 and 2042.

Poland will pay US-based Cheniere 20 to 30% less for these shipments than for supplies from Gazprom – a saving applauded by Polish officials.

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US LNG news Cheniere LNG news LNG export news LNG import news


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