Poland plans FSRU, PGNiG executive says

Trading arm of PGNiG to open London office in New Year

Discussions are underway in Poland to install a floating storage and regasification unit (FSRU) as the country moves to diversify its supply.

PGNiG Supply & Trading managing director Uwe Bode told delegates to the CWC World LNG Conference in Barcelona that plans are ongoing to install an FSRU near Gdansk that would be up and running by 2022.

This would be in addition to Poland’s land-based terminal, which is controlled by state run Polskie Gornictwo Naftowe i Gazownictwo (PGNiG). This facility started up in the last 12 months and has seen nine cargoes imported since late December 2015.

Bode explained that the FSRU’s planned start-up would dovetail with the end of Poland’s long-term pipeline gas contracts with Russia, which currently supplies around 70% of the country’s gas. He said post 2022 the country’s gas demand is expected to accelerate.

He said Poland is keen to diversify its gas supply but also wants to distribute gas to neighbouring countries both via pipeline and as LNG.

The MD also revealed that PGNiG’s trading arm PST LNG will open an office in London, at 48 Dover Street near Green Park, in February.

He said this office will do short-term LNG trading for the PGNiG Group.

Photo: The 210,000-cbm Q-flex LNG carrier Al Nuaman (built 2009) docks at Polskie LNG’s new Swinoujscie LNG receiving terminal with the first of two commissioning cargoes.

 

Article courtesy of Lucy Hine, TradeWinds

© The CWC Group 2017