PGNiG signs deal for LNG supplies from the US

WSE-listed, state-owned gas giant PGNiG signed a 5-year deal with Centrica LNG Company Limited for the deliveries of US LNG. “We will get 9 shipments over 5 years so on average two shipments a year,” company’s CEO Piotr Woźniak said. While he didn’t want to discuss the price and volume, company’s Deputy CEO Maciej Woźniak said that total volume could reach 800 million cubic meters, adding that the price is “competitive.” The deal will run through 2018-2022. This is a first such deal for LNG deliveries from the US to Poland before that it only received one spot shipment.