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ORLEN increases Poland’s LNG import capacity

20 August 2023

ORLEN will be able to receive up to 58 shipments of liquefied natural gas per year at the Floating Storage Regasification Unit (FSRU) terminal to be built in the Gulf of Gdansk. The company has finalized an agreement with GAZ-SYSTEM to reserve a regasification capacity of 6.1 billion cubic metres (bcm) per year at the Gdansk terminal. This is another step in the process of strengthening the energy independence of the country and the region.

”Poland’s fuel and energy security has been and continues to be a priority for us. The need to strengthen this security was one of the reasons for building a robust multi-utility group. Thanks to the merger with LOTOS, PGNiG, and Energa, we have the potential to engage in further projects important for the energy independence of the country and the region. One such project is the floating LNG terminal to be built in the Gulf of Gdansk, where ORLEN has reserved the entire regasification capacity. Together with the already operational President Lech Kaczyński terminal in Świnoujście, this will enable us to receive all the LNG supplied under the long-term contracts we have signed. Currently, this is almost 14 bcm of gas. This amount of the commodity, supplemented by supplies from Norway and our own domestic production, will allow us not only to fully satisfy the needs of Polish customers but also to offer gas to neighbouring markets. Thus ORLEN will be a guarantor of fuel and energy security not only for Poland but also for other countries in the region,’ said Daniel Obajtek, CEO and President of the Management Board of ORLEN.

The floating terminal in Gdansk will have the capacity to unload, store, and regasify up to 6.1 bcm of gas fuel per year. The start-up of the unit, as announced by Gas Transmission Operator GAZ-SYSTEM, which is implementing the project, is planned for January 1st 2028.

‘Last year, political events related to the war in Ukraine completely changed the directions of natural gas supplies to the European Union. We have seen an over 60% increase in LNG supplies from the global market. Poland is capitalizing on this trend and nurtures ambitions to become a gas hub for Central and Eastern Europe,’ said Anna Łukaszewska-Trzeciakowska, Secretary of State and Government Plenipotentiary for Strategic Energy Infrastructure.

The capacity reservation agreement, entered into within the framework of the Open Season FSRU procedure carried out by GAZ-SYSTEM, was concluded for 15 years.

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