PGNiG to receive LNG shipment from Centrica LNG Co.

It will be the third spot delivery arriving at the President Lech Kaczynski Terminal this year.

The Hoegh Gallant vessel will arrive in Poland carrying on board approximately 65 000 t of LNG, which, after regasification, will yield almost 90 million m³ of gas. The LNG comes from the US and will be supplied by UK-based Centrica under a spot contract executed by the PGNiG trading office in London.

Thursday’s LNG shipment will be the third spot delivery this year and the seventh since the terminal in Swinoujscie was launched. PGNiG has received 45 LNG cargoes at the terminal so far, sourced in Qatar, Norway and the US. Irrespective of the spot transaction, the company receives LNG from Centrica under a 5-year contract of November 2017, providing for a total of nine LNG deliveries.

LNG represents a growing share of PGNiG’s total imports. In the first 9 months of 2018, the company imported 1.96 billion m³ of LNG (after regasification), accounting for 18% of all gas volumes it sourced abroad.  A year earlier, the respective figures were 1.33 billion m³ and 13%.

In 2018, PGNiG signed three long-term LNG supply contracts with US-based companies Venture Global and Cheniere, under which they are to deliver a total volume of just under 70 million t (95 billion m³ after regasification).  Deliveries from Cheniere are due to start in 2019, while LNG from Venture Global will be available from 2022 and 2023, once the company’s two liquefaction terminals in the Gulf of Mexico come onstream.

Read the article online at: https://www.tanksterminals.com/terminals/13122018/pgnig-to-receive-lng-shipment-from-centrica-lng-co/