PGNIG and Cheniere sign long term LNG deal
Published by Will Owen,
Editor
LNG Industry,
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.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/08112018/pgnig-and-cheniere-sign-long-term-lng-deal/
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