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/