PGNiG picks Swinoujscie for new liquid gas terminal

The decision is a step forward in removing Poland's dependence on Russia for gas imports, which currently satisfies over half of Poland's demand. The location for the terminal came as a surprise as Gdansk was seen as the favorite. Tadeusz Zwierzynski, the deputy president of PGNiG, said that the costs of building the port in Swinoujscie would be far less and it will also be easier to get the grounds for building. The use of liquid gas in northern-western Poland is also much higher. The port will be one of the biggest on Baltic See and one that the management of PGNiG will be announcing investment tenders for in February/March next year. It is not known how PGNiG wants to fund the investment, but it will probably need to seek help from banks. The cost of investment is estimated at EUR 350 million. (Rzeczpospolita, December 16-17,p.B2) M.M.