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Polskie LNG Signs LNG Terminal Expansion Agreements

Source: www.gulfoilandgas.com 6/25/2020, Location: Europe

Polskie LNG, from the GAZ-SYSTEM Group, and Szczecin and Swinoujscie Seaport Authority have signed agreements with the consortium of companies PORR S.A. and TGE Gas Engineering GmbH for the expansion of the Lech Kaczynski LNG Terminal.

The value of the signed agreements totals to approx. PLN 1.9 billion. The investment project completion date is the end of 2023.

The agreements relate to the extension of the onshore as well as offshore part of the LNG terminal conducted in cooperation with the Szczecin and Swinoujscie Seaport Authority in the ‘design & build’ formula. The scope of the agreements covers the development of the design documentation (building permit design and detailed design), performance of construction and erection works, commissioning of the system, and obtaining of the required permits.

The investment project will be executed by two entities:
- Polskie LNG shall be competent for, among other things, the construction of the new LNG tank (with a capacity of approximately 180 000 m3 gross) and the performance of the process part of the new berth intended for LNG loading, unloading, and bunkering.
- Szczecin and Swinoujscie Seaport Authority shall be competent for the construction of the hydrotechnical part of the berth, the hydrotechnical infrastructure for the transmission pipe rack, and the complete mooring infrastructure.

“We are very happy that Polish seaports are involved in the changes that take place in the energy sector in our country. The Szczecin-Swinoujscie port complex is fully prepared to diversify the supply of strategic energy resources. The extension of the Swinoujscie President Lech Kaczynski LNG Terminal plays a key role in the regasification process and it is also crucial in terms of the energy resources supply for other European countries. What is more, this project forms part of the wider programme for strategic sea investments which will significantly increase Poland’s potential in the Baltic region”, said Marek Gróbarczyk, Minister of Maritime Economy and Inland Navigation.

“The investment project is an essential element of the strategy to increase the energy security of Poland. The national transmission system is consistently expanded to switch from the presently prevalent east-west direction of supply to the northern direction. Apart from the expansion of the LNG terminal in Swinoujscie, GAZ-SYSTEM Capital Group has been successfully pursuing a number of strategic investment projects such as: the Baltic Pipe Project, the North-South Gas Corridor, or the Poland–Lithuania gas interconnectors. Thus, we are building Poland’s energy independence and laying grounds for gas market diversification in our part of Europe”, noted Piotr Naimski, Secretary of State in the Chancellery of the Prime Minister, Government Plenipotentiary for Strategic Energy Infrastructure.

“By the end of 2023, with the completion of this investment project, the regasification capacity of the LNG terminal will reach approximately 8.3 billion m3 per year. Upon its extension, the operational flexibility of the facility will improve, and new gas storage possibilities will open up, which will in turn increase the number of handled LNG carriers, translating directly into heightened security in terms of natural gas supply to the national transmission system. New services will also be provided, which will drive the growth of the gas market in the Central and Eastern Europe”, said Tomasz Stepien, President of the Management Board of the LNG and GAZ-SYSTEM companies.

“The extension of the LNG terminal by another jetty is a natural step in the process of building its potential. It will also provide an additional development boost for the entire Szczecin-Swinoujscie port complex. This investment project is extremely necessary since the demand for LNG fuel is on the rise, as a result of the sea industry’s growing concern for the environment. Therefore, with this project we also want to meet the expectations of shipping companies. The Swinoujscie Terminal has opened up new opportunities for the port, the city, and the entire region. This particular project may contribute to Swinoujscie securing a leading role in the Baltic transshipment of LNG”, added Krzysztof Urbas, President of the Szczecin and Swinoujscie Seaports Authority.

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