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Poland's PGNiG speeds pace of LNG purchases as it diversifies imports

SINGAPORE,  (Reuters) - Poland's dominant gas company PGNiG has stepped up the pace of its spot purchase of liquefied natural gas (LNG) as it works to diversify its gas imports, a senior company official said.

The company has bought four spot cargoes so far this year, compared with five cargoes for all of last year, said Maciej Wozniak, vice president of trade at PGNiG.

The spot purchase, as well as short and mid-term LNG trading, are handled by its London office, which started operations at the start of 2017, he said at the LNGA 2019 conference in Singapore.

The company's overall LNG imports are expected to rise to about 8 million tonnes in 2023, from less than 3 million tonnes this year, Wozniak said.

"After 2022, we're going to change completely the direction of supplies into more of a diversified portfolio," he said.

State-run PGNiG currently imports most of the gas it sells to its customers from Russia's Gazprom, but it has taken steps to reduce that reliance by buying more LNG from Qatar, the United States and Norway.

Poland, which generates electricity mostly from ageing coal-fired power stations, faces the risk of power shortages when temperatures hit extreme levels as increased demand overloads the national system. (Reporting by Jessica Jaganathan; Editing by Tom Hogue)

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Editorial Comment
-Adrienne Blume
This year could be the largest ever for LNG export project final investment decisions (FIDs).
EWAnalysis: Impact of technology on gas transmission management—Part 2
-Bob Andrew
This article is the second in our “Impact of Technology” series; the first was “Impact of technology in gas processing plants—Part 1,” which appeared in the October/November 2018 issue of Gas Processing & LNG.

GasPro 2.0: A Webcast Symposium

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The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.

During this webcast, we will focus on LNG, GTL, gas processing technology developments and deployments, operations, small-scale solutions, transportation, trading, distribution, safety, regulatory affairs, business analysis and more.

October 25, 2018 08:30 AM CDT

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