Qatargas agrees to boost LNG supplies to Poland
DUBAI (Reuters) -- State-owned Qatargas said on Tuesday it had agreed to increase the volume of liquefied natural gas which it supplies to Polish Oil and Gas Co to 2 MMtpy.
The new deal will come into effect at the start of 2018 and run until June 2034, it said. Poland has been trying to diversify away from its reliance on Russian pipeline gas.
The LNG will be supplied from Qatar Liquefied Gas Co, a joint venture between Qatar Petroleum, ConocoPhillips and Mitsui & Co, and will be delivered by Q-Flex LNG vessels to the President Lech Kaczynski LNG Terminal in Swinoujscie, Poland.
A long-term deal signed in 2009 provided for Poland to import 1.3 Bcm of LNG from Qatar annually, and those deliveries began last June.
Reporting by Andrew Torchia
Indonesia, home to 260 MM people on 14,000 islands across a vast archipelago, is estimated to become the seventh-largest economy in the world by 2030, with such growth expected to boost the nation’s energy consumption by 80% from present levels.<sup>1</sup>
At October’s HPI Forecast Breakfast for our sister publication, <i>Hydrocarbon Processing</i>, I shared <i>Gas Processing</i>’s forecast on change in the LNG industry.
In one of the toughest markets in the history of gas compression, we are challenged to deliver more with less.
The New LNG Imperative
The shale gas boom established the US as the world’s leading natural gas producer and is responsible for billions of dollars of investments in the US gas processing industry. Since 2012, the US has witnessed unprecedented growth in new gas processing capacity and infrastructure. This rise is due to greater production of domestic shale gas, which is providing cheap, available feedstock to fuel the domestic gas processing, LNG and petrochemical industries. New gas processing projects include the construction of billions of cubic feet per day of new cryogenic and gas processing capacity, NGL fractionators, multi-billion-dollar pipeline infrastructure projects, and the development of millions of tons per year of new LNG export terminal construction. Attend this webcast to hear from Lee Nichols, Editor/Associate Publisher, Hydrocarbon Processing, Scott Allgood, Director-Data Services, Energy Web Atlas and Peregrine Bush, Senior Cartographic Editor, Petroleum Economist as they discuss the future of LNG and the application of Energy Web Atlas, a web-based GIS platform which allows users to track real-time information for every LNG project.
November 29, 2017 10am CST
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