150th Delivery of Liquefied Natural Gas for PGNiG

Source: www.gulfoilandgas.com 1/18/2022, Location: Europe

The cargo that originated in the USA arrived at the terminal in Swinoujscie on January 18 this year. From the beginning of the operation of the gas terminal, Polish Oil and gas Company (PGNiG) has already imported about 17 bcm of naural gas to Poland this way. In 2021, the company's LNG imports amounted to 3.94 bcm after regasification and increased from 3.76 bcm in 2020.

The purchased supply of about 70 thousand tonss of LNG corresponds to approx. 95 mcm of natural gas after regasification. PGNiG bought the American cargo on the spot market. The gas carrier that transported the gas was one of several dozen that left for Europe from the US liquefying gas terminals at the end of last year. In the global market, this was a clear change compared to the previous few months, during which most of the LNG shipments from the USA were directed to Asia, which resulted in the limited availability of gas in Europe, and therefore also increased its prices on European exchanges.

“The turmoil on the gas market did not in any way affect the timeliness of the deliveries contracted by us - we carry out supplies under long-term contracts, as well as spot purchases. LNG import is one of the pillars of our mission to ensure energy security for Poland and Poles”, said Pawel Majewski, President of the PGNiG Management Board. “The redirection of LNG supplies to Europe again gave the market some breath and hope, although there is still little gas available for purchase on the market. This is one of the examples of factors influencing the gas price on European exchanges that affect gas prices on the Polish Power Exchange. The very information about methane carriers with American gas on their way to Europe contributed to the reduction of gas prices on the Dutch market in those days by several dozen percent”, he added.

As part of 150 supplies unloaded by PGNiG since the beginning of the operation of the President Lech Kaczynski LNG Terminal in Swinoujscie, 95 came from Qatar, 40 from the USA, 13 from Norway, one from Trinidad and Tobago, and one from Nigeria.


Australia >>  8/8/2022 - Beach Energy (BPT, Beach) is pleased to confirm finalisation and signing of the LNG Sale and Purchase Agreement (“SPA”) with BP Singapore Pte. Limited...
Brazil >>  8/5/2022 - Petrobras, following up on the release disclosed on 05/24/2022, informs that it has celebrated a new addendum to the natural gas purchase contract wit...

Pakistan >>  8/3/2022 - Engro Eximp FZE, a subsidiary of Engro Corporation, announced today that it has entered a Memorandum of Understanding (“MOU”) with Excelerate Energy, ...
Netherlands/Holland >>  8/1/2022 - Gasunie subsidiary EemsEnergyTerminal has sold the remaining capacity of the LNG terminal in Eemshaven to ENGIE SA who purchased the last 1 billion cu...

Russia >>  7/29/2022 - In the course of its business, the JSC “Latvijas Gaze” purchases natural gas from other suppliers, paying in the EUR currency as required under the re...
United States >>  7/27/2022 - NextDecade Corporation (“NextDecade”) announced the execution of a 20-year sale and purchase agreement (“SPA”) with ExxonMobil LNG Asia Pacific (“EMLA...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.