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PGNIG to increase LNG imports from Qatar

PGNIG to increase LNG imports from Qatar

Mar 14, 2017
3 min read
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Polish Oil and Gas Company (PGNiG) has signed a side agreement to the existing Sale and Purchase Agreement (SPA) with Qatargas to bring in an extra 2 million tonnes of LNG per annum from Qatar.

Under the terms of the agreement, Qatargas will increase the volume of LNG currently supplied to PGNiG to two million tonnes per annum (MTPA) which is equal to about 2,7 billion cubic meters of gas after regasification. The new agreement will come into effect on 1 January 2018 and will run until June 2034. 

Piotr Woźniak, chief executive officer and President of the PGNiG Management Board, said: “PGNiG is firmly committed to expanding its LNG portfolio and our active presence in the global LNG market. I’m very pleased that Qatargas and PGNiG have been able to achieve an agreement which contributes to the realisation of the long-term goals of both companies and supports the implementation of our strategy to diversify natural gas supplies to Central and Eastern Europe.”

Commenting on the new deal, Khalid Bin Khalifa Al-Thani, chief executive officer, Qatargas, added:  Today, Qatargas looks forward to the next phase in our long-term relationship with PGNiG, and to the prospect of building an even stronger relationship with PGNiG as we increase our deliveries of LNG to Poland.”

The LNG will be supplied from Qatar Liquefied Gas Company Limited (3) (Qatargas 3), a joint venture between Qatar Petroleum, ConocoPhillips, and Mitsui & Co. Ltd., and will be delivered on board Q-Flex LNG vessels to the President Lech Kaczynski LNG Terminal in Swinoujscie, Poland.

Commenting on the new deal, Khalid Bin Khalifa Al-Thani, chief executive officer, Qatargas, added:  Today, Qatargas looks forward to the next phase in our long-term relationship with PGNiG, and to the prospect of building an even stronger relationship with PGNiG as we increase our deliveries of LNG to Poland.”

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