PGNiG opens tender for LNG feasibility study

The project will have a strategic meaning for national power security, as it will enable Poland to become much less dependent on gas supplies from Russia. What is more, the price of LNG in Europe oscillates between $117 to $146 per 1,000 cubic meters, while the price of gas imported from Russia is $200 per 1,000 cubic meters. The deadline to submit offers is November 7. PGNiG did not want to reveal the value of the tender. The company estimates that the construction of the terminal will be anywhere between EUR 200 million to even EUR 600 million. It will enable the transportation of 3-5 billion cubic meters of gas to Poland a year. The completion for the construction works has been scheduled for 2010. (Puls Biznesu, p. 5) A.F.