Consortium to invest $1 billion in liquid gas terminal

Zachodniopomorski Terminal LNG consortium intends to invest almost $1 billion to building a liquid gas loading terminal in Police near Szczecin. Annually, the terminal will have a storage capacity of 5 billion cubic meters of gas which is almost the capacity of the pipeline slated for construction to Norway. The first construction decision regarding the terminal will be made at the end of 2000. The projected cost of the base itself is $300 million. "The creation of the terminal will help reduce dependence on gas supplies from the East," said the head of the consortium Konrad Jaskola. The consortium is comprised of the six biggest companies in Szczecin and one Warsaw-based company. One of the members is ship builder Stocznia Szczecinska Porty Holding. (Rzeczpospolita, B2)