Poland-Qatar LNG deal to improve energy security - PGNiG

30 June 2009 18:12  [Source: ICIS news]

PRAGUE (ICIS news)--Poland has greatly improved its energy security by signing a deal with Qatar for the annual delivery of 1m tonnes/year of liquefied natural gas (LNG) from 2014, the Polish Oil & Gas Co (PGNiG) said on Tuesday.

The LNG could account for around one-tenth of domestic demand, said state-controlled PGNiG.

PGNiG said efforts would now be stepped up to construct a sea terminal for the delivery of LNG shipments to Swinoujscie.

The facility could cost approximately €600m ($845m), it added.

Poland relies on Russia for around two-thirds of its gas.

Companies in Poland’s substantial nitrogen fertilizer industry were among those affected earlier this year by in-transit disruptions caused to Russian gas supplies during arguments between Moscow and Ukraine over gas payments.

($1 = €0.71)

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By: Will Conroy
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