PGNiG to receive first supply of US LNG in June

WSE-listed gas producer PGNiG signed a deal with US Cheniere Energy for the supply of US-made LNG, which is a first such deal in the region, PGNiG said. “We found a new trade partner in the US, and North America has become another region, after Norway and the Middle East from where we can acquire resources. The contract with Cheniere Energy proves that Poland can be the gateway for US LNG to other CEE markets,” company’s CEO Piotr Woźniak said. The transport which will originate in Sabine Pass, Louisiana will reach the LNG terminal in Świnoujście mid-June. The value and volume of the deal has not been announced. The contract is for a single delivery, and according to PGNiG, the company is analyzing various scenarios, but is not looking for a long-term contract with a US partner right now, although mid-term options might be taken into consideration.