Poland's PGNiG books more capacity at Swinoujscie LNG terminal
PGNiG still imports most of the gas it sells from Russia, but does not plan to extend the ties beyond 2022 and has taken steps to diversify its supplies.
It is increasing LNG purchases as the terminal plans to expand its annual capacity from 5 bcm currently and plans to use Norwegian gas after a pipeline linking Poland with the North Sea is built.
Based on an agreement signed with a unit of operator Gaz-System on Friday, PGNiG will increase its capacity allocation at the terminal to 6.2 bcm in 2022 and then to 8.3 bcm in 2024 from 5 bcm now.
“The Swinoujscie terminal is one the best used units of this kind in Europe,” Tomasz Stepien, Chief Executive at Gaz-System said in a statement.
In 2019 PGNiG bought 3.43 bcm of LNG, around 25% more than a year earlier. In the first quarter the group purchased 0.98 bcm of LNG, a 34% increase year on year.
PGNiG said it expects its 100th shipment of LNG in a month.
Earlier this month PGNiG’s CEO said he expected demand for gas to increase in Poland as the country gradually replaces polluting coal. He also said despite the pandemic PGNiG had remained active on the LNG spot market.
Reporting by Agnieszka Barteczko; editing by David Evans
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