The first LNG cargo from US reaches Polish shore

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The first cargo of liquified natural gas under the long-term contract between PGNiG and US LNG provider Cheniere Energy arrived last week at the President Lech Kaczyński LNG Terminal in Świnoujście, PGNiG announced.

The long-term contract, which was signed in November of 2018, will total approximately 39 bcm of natural gas over the 24 year period of the agreement.

The official reception ceremony of the first delivery at the LNG terminal in Świnoujście included representatives of the government of the Republic of Poland, local authorities, as well as executives from PGNiG and Cheniere Energy.

Oak Spirit – the LNG carrier that arrived at the terminal in Świnoujście – provided about 165 thousand cubic meters of LNG, which after regasification equals about 95 million cubic meters of natural gas. It was the 65th delivery of LNG to Poland since the launch of the LNG terminal.

PGNiG signed a 24-year agreement with Cheniere Marketing International in November 2018. In 2019-2022, the total volume of supplies will amount to approximately 0.52 million tonnes of LNG, or approximately 0.7 billion cubic meters of gas after regasification. In the years 2023-2042, the total import volume will reach approx. 29 million tonnes (about 39 billion cubic meters after regasification) – which means that from 2023, PGNiG will buy approx. 1.45 million tonnes of LNG each year (around 1.95 billion cubic meters of gas after regasification).

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