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).
PGNiG and Venture Global LNG Announce LNG Sales and Purchase Agreements for 2 Million Tonnes Per Year
For a 20-year term, Polish Oil and Gas Company (PGNiG) will receive liquefied natural gas from the USA for domestic customers or for resale. Under the agreements, PGNiG will purchase LNG on a free on board (FOB) basis starting from the commercial operation date of the Venture Global Calcasieu Pass LNG export facility, currently expected in 2022, and the commercial operation date of the Venture Global Plaquemines LNG export facility, currently expected in 2023.
The cargo will be delivered by Statoil under a spot contract. LNG tanker named „Arctic Discoverer” will arrive at the President Lech Kaczyński LNG Terminal in Świnoujście on September 9, 2017. The vessel is carrying a load of about 140 thousand cubic metres of LNG, which equals about 84 mcm of natural gas following regasification.