Polish Oil and Gas Company (PGNiG) purchased liquefied natural gas (LNG) from the United States and resold the it to Energy Resources of Ukraine (ERU) following regasification.
The delivery will reach President Lech Kaczyński LNG Terminal in Świnoujście, Poland in November. From there the LNG will be regasified and injected into the Polish pipeline transmission. The Polish and Ukrainian pipeline systems connect at Hermanowice for direct dlivery.
Yaroslav Mudryy, Director of the ERU TRADING LLC commented, “We contracted this volume for the purpose of injecting and storing it for further delivery to consumers in the winter season – this way we contribute to the country’s energy safety during uncertain and especially risky winter period 2019-2020.” Mr. Mudryy continued to say that the LNG may even be passed on to other countries like Romania, Moldova, and Hungary.
President of the PGNiG Management Board, Piotr Woźniak stated, “PGNiG has built up extensive competences on the LNG market over the past three years. We have the opportunity to purchase LNG on competitive terms from reliable suppliers from around the world. We also have reserved full capacity at the terminal in Świnoujście – we expect 39 deliveries next year – and have the available capacity in the gas pipeline system in Poland and on its borders. This makes PGNiG a natural partner for cooperation in building a modern and secure gas market in our part of Europe. Several years of cooperation with our partners from the Ukrainian ERU is the best proof of this.”
LNG is a growing import in Poland, increasing from 8.5 percent of total imports in 2016 to over 20 percent in 2018. The President Lech Kaczyński terminal has received 70 deliveries since inception and continues to see increasing supply from the United States.
