Poland’s Petroleum Mining and Gas Industry (PGNiG) has signed a 20-year deal to import two billion tonnes of liquid natural gas a year from Texas in the US, further strengthening the company's gas resources.
The state-owned company will import its gas from a terminal in Jefferson County, Texas. The agreement was made with Port Arthur LNG, a subsidiary company of Sempra LNG & Midstream and Venture Global LNG. The LNG supplies will reach Poland by 2023.
Co-CEOs of Venture Global LNG, Mike Sabel and Bob Pender, commented that PGNiG will be collaborating with Venture Global's current global partners Shell, Edison, Galp and BP in the Calcasieu Pass project.
According to the terms of the agreement, PGNiG is also permitted to resell the gas on international markets. Company director Piotr Woźniak hopes the contract “will allow further diversification of Polish gas resources.”
In addition to the above, the Baltic Pipe, which will supply Poland with 10 billion cubic metres of natural gas annually and ease its dependence on Russia's Gazprom, is due to be completed soon.