U.S.-based Venture Global LNG has signed a 20-year deal to deliver 2.7 billion cubic meters of gas to Poland, about 10% of Poland’s current annual consumption
Thursday, June 28, 2018

U.S.-based Venture Global LNG has signed a 20-year deal to deliver 2.7 billion cubic meters of gas to Poland, about 10% of Poland’s current annual consumption

U.S.-based Venture Global LNG has signed a 20-year deal to deliver 2.7 billion cubic meters of gas to Poland, about 10% of Poland’s current annual consumption. Carriers will leave two LNG plants on the U.S. Gulf of Mexico, bound for Poland’s sole LNG receiving terminal, Świnoujście, a Baltic port adjacent to Germany. The gas is to start arriving in 2022, the year when Norway’s Baltic Sea gas pipeline is to start shipping 10 billion cubic meters of gas per year to Poland. Although Lviv is 1,100 km to the southeast of Świnoujście, Ukraine hopes to receive gas from Poland through interlinking pipelines. Both countries want to minimize consumption of Russian gas.

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