Qatargas to double LNG supplies to Poland
Published by Joseph Green,
Editor
LNG Industry,
Reuters are reporting that Qatargas has agreed to double volumes of LNG it supplies to Poland's gas firm PGNiG to 2 million tpy at a price that may have positive impact on PGNiG's bottom line.
The deal is a side agreement to a long term-contract PGNiG and Qatargas signed in 2009.
The companies then agreed that Qatargas will deliver to Poland around 1 million t or around 1.5 billion m3 of gas annually for 20 years starting from 2014. At the time PGNiG estimated the deal's annual average value at around US$550 million.
"We have conducted the talks for a few months. It was the best offer. This is now the biggest Qatargas contract of this type in Europe," PGNiG deputy head Maciej Wozniak announced to a conference on 14 March.
The new deal will come into effect at the start of 2018 and run until June 2034.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/16032017/qatargas-to-double-lng-supplies-to-poland/
You might also like
PV Gas signs supply agreements with EVN
Vietnam Gas Corp., together with Vietnam Electricity Group and Vietnam Oil and Gas Power Corp., have signed agreements on the supply of LNG for large scale gas-fired power projects.