PGNiG opens LNG trading desk in London

WSE-listed, state-controlled, gas giant PGNiG, has opened its LNG trading office in London aimed to boost its sales. “We've considered a number of locations, including Singapore, Houston and Geneva, but we've decided on London, despite the recent geopolitical changes. This is where LNG is being traded, this is truly a place of global trade,” said company's CEO Piotr Woźniak. “Soon the market will switch from being a seller's market to a buyer's one and we will have our pick of offers to choose from,” Woźniak explained the decision to launch the London office. The office is helmed by former president of the Polish Power Exchange, Ireneusz Łazor and will be fully operational by the end of Q1 2017.