Poland’s state oil and gas company, PGNiG, has signed two 20-year contracts to buy a total of 2 million tons of liquefied natural gas from the US.
Thursday, October 18, 2018

Poland’s state oil and gas company, PGNiG, has signed two 20-year contracts to buy a total of 2 million tons of liquefied natural gas from the US.

Poland’s state oil and gas company, PGNiG, has signed two 20-year contracts to buy a total of 2 million tons of liquefied natural gas from the US. After gasification, this would be 2.7 billion cubic meters, or 13% of Poland’s forecast consumption next year. The LNG will come from two export terminals in Louisiana owned by Venture Global. Maciej Wozniak, PGNiG’s vice-president for trade, said the American prices are cheaper than the prices charged by Gazprom for pipeline gas from Russia. Through connecting pipelines to Lviv region, some of this gas could come to Ukraine.

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