Poland Signs Deals to Expand LNG Terminal
WARSAW (Reuters) — Poland has signed contracts worth 1.9 billion zlotys ($483 million) to expand its liquefied natural gas (LNG) terminal in Swinoujscie on the Baltic Sea from 5 bcm to 8.3 billion cubic meters (bcm) by 2023 in response to increasing domestic demand.
An LNG unit of Poland's gas infrastructure operator Gaz-System and the ports of Szczecin and Swinoujscie on Wednesday signed a contract with a consortium of Porr and TGE Gas Engineering on the expansion project.
Poland sees the facility as a means of reducing the country's reliance on Russian gas, which still accounts for more than half of its total consumption.
"The terminal gives us the flexibility of receiving gas from different parts of the world," Piotr Naimski, a minister responsible for energy infrastructure, told a news conference.
Poland's state-run gas company PGNiG does not plan to extend its long-term gas supply deal with Russia's Gazprom beyond 2022 when it expires.
It plans to replace Russian gas with LNG supplies and pipeline gas from Norway via a planned gas link.
PGNiG expects gas consumption in Poland to increase in the coming years as gas gradually replaces coal, which the country uses to produce most of its electricity.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
- Macquarie, Dow Launch $2.4 Billion Gulf Coast Pipeline Infrastructure Partnership
Comments