PGNiG (Polish Oil and Gas Company) and Cheniere Marketing International LLP have signed a long-term settlement for provides of liquefied pure fuel from the USA.
In 2019-2022 the quantity of provides will complete roughly zero.52 million tonnes of LNG, or approx. zero.7 bcm of pure fuel after regasification, whereas within the interval of 2023-2042, the overall import quantity will attain 29 million tonnes of LNG, which equals approx. 39 bcm of pure fuel following regasification. It implies that ranging from 2023 yearly PGNiG will buy about 1.45 million tonnes of LNG, which equals approx. 1.95 bcm of pure fuel after regasification.
LNG cargoes shall be equipped on a delivered ex-ship foundation to the President Lech Kaczynski LNG Terminal in Swinouscie with supply offered by the vendor.
“The agreed circumstances, together with the aggressive value, are absolutely passable for PGNiG. Thanks to this settlement we may have common provides of LNG from the USA beginning as early as 2019. The share of LNG in our import portfolio is continually growing. The world’s liquefied pure fuel market is quickly rising and permits us to pick the very best presents on this space,” commented Piotr Wozniak, President of the Management Board of PGNiG SA.
“PGNiG is a crucial companion for Cheniere in a rising a part of the European market, and we sit up for our long-term relationship offering PGNiG with clear, safe, and versatile LNG,” mentioned Jack Fusco, President and CEO of Cheniere. “This contract helps our progress plans at Cheniere, continues our momentum of signing a various vary of consumers around the globe, and reinforces our place because the chief in U.S. LNG,” he added.
Based In Warsaw, Poland ,Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) is the chief within the Polish pure fuel market. It is a listed firm working in exploration and manufacturing of pure fuel and crude oil. Through its key firms, PGNiG can also be lively within the space of import, storage, sale and distribution of fuel and liquid fuels, in addition to warmth and electrical energy era.
(Source: PGNiG – Image: Cheniere)

The submit PGNiG AND CHENIERE SIGN 24-YEAR LNG AGREEMENT appeared first on Energy Global News.

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