Poland's PGNiG Inks 10-Year Capacity Deal with Klaipeda LNG
(Reuters) — Polish gas company PGNiG said on Friday it has secured regasification capacity at Lithuania's LNG terminal in Klaipeda in a 10-year deal.
The deal with terminal operator Klaipedos Nafta will allow PGNiG to import 6 terawatt hours (TWh) of LNG, equivalent to over 500 million cubic meters of natural gas annually via the terminal through 2032, the Polish firm said in a press release.
"I am convinced that the cooperation (...) will not only contribute to the business plans of both companies but will also enable further integration of gas markets in this part of Europe," said PGNiG chief executive Iwona Waksmundzka-Olejniczak.
"Allocation of the long-term capacity extends our future cooperation and will further contribute to the enhanced energy security of the region (...)," said Klaipedos Nafta CEO Darius Šilenskis.
PGNiG started importing LNG through Klaipeda in May and has received six deliveries at the facility, with part of the cargo sold to customers in the Baltic States and the rest transported to Poland, the company said.
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
- Another Major U.S. Oil Refinery Shutting Down as Lyondell Confirms Houston Closure
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- 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