PGNiG receives third LNG delivery from US firm Cheniere

Polish oil and gas firm PGNiG received has received a third delivery of liquefied natural gas (LNG) under its long-term contract with Cheniere Energy.

In November 2018, PGNiG and Cheniere Marketing signed a long-term agreement for supplies of LNG from the USA.

The 70,000t cargo, which regasification amounts to roughly 95,000m³ (mcm), has arrived at the President Lech Kaczyński LNG Terminal in Świnoujście aboard the GasLog Warsaw LNG carrier.

PGNiG Management Board president Jerzy Kwieciński said: “Despite the current turmoil in the world related to the coronavirus pandemic, LNG supplies flow to Poland as planned and without any disruptions.

“LNG import is one of the pillars of our country’s energy security, which we base on solid foundations of cooperation with our American partners among others. In the case of LNG from Cheniere, the supply volume will increase significantly from 2023, reaching about 1.95bcm of natural gas annually.”

Under the long-term LNG supply agreement, the first cargo under this contract arrived in July last year.

PGNiG noted that the latest shipment is the third from Cheniere under the long-term contract, and the second delivered this year.

The second shipment, which is the first delivery this year, arrived on 1 April.

From 2023, annual supplies will increase to 1.95 billion cubic metres (bcm) after regasification. Between the period of 2019 and 2022, Cheniere will deliver around 700 million cubic metres of LNG to PGNiG.

By the end of their contract, which expires in 2042, supplies will have totaled approximately 39bcm.

Cheniere chief commercial officer and executive vice-president Anatol Feygin said: “Cheniere is pleased to continue to reliably deliver LNG to our customer PGNiG. We are committed to the goal of providing a secure source of US natural gas for Poland, now and in the future.”

Last month, PGNiG and its German subsidiary PST joined a procedure examining whether to allow the Nord Stream 2 gas pipeline exemption from EU energy legislation.