Poland hopes to sign long-term contract for US gas supplies ‘soon’

Poland hopes to sign a long-term contract with the US for LNG supplies soon, President Andrzej Duda said after his meeting with US President Donald Trump. “Let's hope for more supplies and further diversification of supplies of this commodity to Poland,” Duda said. Trump added that he hopes that “many more” US LNG shipments will be coming to Poland, but said that the price might rise. “Maybe we get your price up a little bit, but that's ok, tough negotiations,” he explained. “We are sitting on massive energy, we are now exporters of energy. Whenever you need energy, just give us a call,” Trump added. So far, Poland received one delivery of US LNG. PGNiG bought it a spot auction, and according to the company’s CEO Piotr Woźniak It is working to sign a mid-term deal for supplies from the US. Till now the only obstacle was the price, as according to the government’s proxy for energy infrastructure, Piotr Naimski, in order for US LNG to be competitive to other sources, the US side would have to cover transport costs. Poland is trying to limit its energy dependence on Russia, and is looking for other sources. It already orders LNG from Qatar, and hopes to build the gas link that would supply it with Norwegian fuel. Poland's ambition is to become the regional energy hub and sell the US LNG to other CEE countries.