PGNiG Supply & Trading (PST), a member of the Polish Oil and Gas Company Group (PGNiG), becomes the exclusive recipient of natural gas produced in Norway by LOTOS Exploration & Production Norge (LOTOS Norge), a LOTOS Group company engaged in exploration and production activities on the Norwegian Continental Shelf.
The first cargo of liquified natural gas under the long-term contract between PGNiG and US LNG provider Cheniere Energy arrived today at the President Lech Kaczyński LNG Terminal in Świnoujście. The long-term contract, which was signed in November of 2018, will total approximately 39 bcm of natural gas over the 24 year period of the agreement.
In connection with the state visit of the President of Poland, Andrzej Duda to Washington D.C., the Polish Oil and Gas Company (PGNiG) has signed, in the Eisenhower Executive Office Building of the White House, an agreement with Venture Global LNG to purchase an additional 1.5 million tonnes per annum (MTPA) of liquefied natural gas (LNG).
On Sunday, January 27th 2019, PGNiG Polish Oil and Gas Company will receive another load of liquefied natural gas. It will be the 50th delivery to the President Lech Kaczyński LNG Terminal in Świnoujście. Thus the total LNG volume purchased so far by PGNiG will amount to approximately 5.7 bcm after regasification.
Polish Oil and Gas Company and the American company Port Arthur LNG, a subsidiary of Sempra Energy, have signed a 20-year contract for the sales and purchase of liquefied natural gas. On the basis of the concluded agreement, PGNiG will buy annually 2 million tonnes of LNG (approximately 2.7 bcm after regasification).