Polish PGNiG has signed a long-term contract for the supply of LNG with American Sempra

The Polish company PGNiG has signed a contract with the American Sempra Infrastructure for the purchase and sale of 3 million tons of LNG (4 bcm) per year. This was reported by the press service of PGNiG. The gas will be produced at two LNG plants, Cameron (Louisiana) and Port Arthur (Texas) in the Gulf of Mexico and will be delivered to Poland, including the new FSRU LNG terminal in Gdansk.

The contract is valid for 20 years. The Cameron terminal will supply 2 million tonnes of LNG (2.7 bcm) and the Port Arthur terminal 1 million tonnes (1.4 bcm). Deliveries are expected to begin in 2027. The future contract will be based on a free-on-board formula, which means that receiving and transporting the goods is the responsibility of the buyer.

“The agreement signed today paves the way for negotiations on the detailed terms of the contract, which will ensure that PGNiG receives LNG from a reliable and valuable partner. LNG is already one of the pillars of our diversification strategy aimed at improving the country's energy security and developing the commercial potential of the PGNiG Group. We are determined to move forward in this direction, so we are taking steps to ensure that we have access to the right amount of gas in the future. We are considering the planned launch of a floating regasification terminal in the Gulf of Gdańsk, which has a chance to become an important element of gas import infrastructure for Poland and the whole region, "said PGNiG President Ivona Vaksmundzka-Olejniczak.

PGNiG already has long-term contracts to supply the U.S. LNG with a total of 7 million tons per year, which is more than 9 bcm after regasification. The agreements provide for a significant increase in supplies from the United States from 2023. The company has reserved the full regasification capacity of the terminal in Swinoujscie, which, after the expansion of the installation, will allow to receive up to 6.2 bcm of gas after regasification, and ultimately, from 2024 - 8.3 bcm per year. The PGNiG Group also uses the terminal in Klaipeda - thanks to the Poland-Lithuania (GIPL) gas pipeline, launched in May this year, deliveries received at this terminal can be directed to the Polish market.

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