The first cargo of LNG under the long-term contract between Polish utility PGNiG and US LNG provider Cheniere Energy arrived on 26th July at the President Lech Kaczyński LNG Terminal in Świnoujście.
The long-term contract, which was signed in November, 2018, involves about 39 bill cu m of natural gas over a 24-year period covered by the agreement.
“Two years ago, in this place, together with our partners from Cheniere, we greeted the first ever delivery of American LNG to Poland and to this part of Europe. The cargo, purchased as part of a spot transaction, came from Cheniere. Today we are also meeting with our American partners and with today's delivery we are launching the first long-term contract for the purchase of LNG from the USA,”said Piotr Woźniak, President of PGNiG Management Board. “Our portfolio of contracts with US suppliers covers over 9 bill cu m of natural gas after regasification annually – that is more than we import from Russia. Such a volume strengthens Poland's energy security, but also gives us the opportunity to actively participate in LNG trading on the global market.”
The LNG was shipped on the ‘Oak Spirit’, which arrived at Świnoujście with about 165,000 cu m of LNG on board. This was the 65th LNG delivery to Poland since the terminal’s inauguration.
“This first cargo under our long-term agreement is the start of more than two decades of partnership that will bring reliable, clean, and secure energy to Poland,”said Anatol Feygin, Cheniere’s Executive Vice President and Chief Commercial Officer.“We are honoured to stand with our partners today to welcome this inaugural cargo, which will be followed by many more for years to come.”