New LNG terminal to cost around EUR 500 million

Although the idea is still in its early stages, it has attracted interest from several key players which could significantly benefit from such an investment. "If there will be a new source, than we have to develop the network. We are very interested in participating in this project", said Andrzej Osiadacz from Gaz System, which leases the gas transfer infrastructure. According to initial calculations carried out by Polish Oil and Gas (PGNiG), Poland could import between three to five billion of cubic meters of gas through a pipeline on the seabed. The company estimates that the cost of constructing the terminal would cost between EUR 400-500 million and gas deliveries could begin in 2010. Preliminary calculations as well as initial selection of locations have also been done by PERN Przyjaźń which is another candidate to build the terminal. The third potential constructor taken into account is Polimex-Mostostal Siedlce. (Puls Biznesu, pp. 1, 5) A.K