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PGNiG positions itself as LNG trader after US deals

The Polish company has signed major new supply agreements for US and Qatari LNG cargoes that may enable it to start re-exporting the fuel after 2023 The Polish company has signed major new supply agreements for US and Qatari LNG cargoes that may enable it to start re-exporting the fuel after 2023.
By Andreas Walstad 13 June 2019 Europe & Russia / LNG 0 34307
An LNG tanker docks at the Swinoujscie terminal in Poland. (Gaz-System)

Poland’s PGNiG looks well-positioned to trade LNG cargoes following a series of supply deals with the United States and Qatar that far exceed the regasification capacity of the Swinoujscie terminal.

PGNiG announced on Wednesday that it had signed a deal to import around 1.5 mtpa of additional LNG from Venture Global’s Plaquemines plant on the Mississippi River in Louisiana. The volume equates to 2 billion cubic metres per year when regasified and supplements an existing deal for 1.35 bcm/y. The contract’s duration is for...