Sempra Energy will supply 2 million tonnes of LNG for PGNiG

The Poland’s state-run gas firm PGNiG signed a 20-year definitive agreement with Sempra Energy for supply of liquefied natural gas (LNG) from its Port Arthur LNG in the USA to Świnoujście Port in Poland. Under the agreement, Poland will purchase of 2 million tonnes per year, or about 2.7 billion cubic meters per year after regasification. The delivery is planned starting 2023 from a newly built Port Arthur LNG terminal to be accomplished in Texas. Under today’s agreement, LNG purchases from Port Arthur LNG will be made on a Free-On-Board basis, with PGNiG responsible for shipping the LNG from the Port Arthur terminal to the final destination. Port Arthur LNG will manage gas pipeline transportation, liquefaction processing and cargo loading, giving PGNiG flexibility in cargo management. PGNiG plans to deliver cargos to domestic customers in Poland or trade LNG in neighboring countries, and Ukraine in particular.

In 2018 PGNiG signed long-term LNG supply contracts with other two US-based Venture Global LNG and Cheniere. The total volumes of these two agreements will be about 70 million ton, or 95 bcm after regasification. The first supplies from Cheniere are expected in 2019, and Global Venture will start their shipments in 2022 after commissioning of two LNG terminals in Gulf of Mexico. By way of reminder, on 13 December 2018, under a spot contract, Hoegh Gallant LNG tanker delivered to Świnoujście Port LNG terminal 65 thousand ton of LNG (or 90 million cubic meters after regasification) from Centrica LNG Company Limited. This the third spot supply in this year, and the seventh supply since the commissioning of this LNG terminal in 2016. In total, under long-term agreements and spot contracts, PGNiG has trans-loaded 45 LNG tankers at Świnoujście Port LNG terminal with LNG from Qatar, Norway, and USA, that after regasification yielded 1.96 bcm of natural gas to Poland’s gas transportation pipelines.

14:06 / 21 December, 2018