Poland's state-owned gas giant PGNiG has signed a contract amendment with the American firm Venture Global, that would extend the volume of LNG deliveries to Poland. The annexed contract assumes increase by 1.5 million tonnes per year. Contracts with Venture Global LNG projects have been concluded for 20 years.
Under this agreement, the volume of LNG from the Plaquemines terminal will increase from 1.0 to 2.5 million tonnes per year (from 1.35 to 3.38 bcm of natural gas after regasification). Deliveries will commence on the commercial operation date, currently expected in 2023.
This new amendment raises PGNiG's total commitment with Venture Global LNG projects to 3.5 MTPA (4.73 bcm), sourced from Calcasieu Pass (1 MTPA) and Plaquemines LNG (2.5 MTPA).
Contracts with Venture Global LNG projects have been concluded for 20 years. The supplies will be delivered in a free-on-board formula, namely the buyer will pick up the cargo in the port of loading, PGNiG said.
The company also informed that, in the view of the management board, the negoatiated terms are satisfactory in the context of PGNiG's business strategy.
Autor: gf / Źródło: TVN24 News in English, PAP
Źródło zdjęcia głównego: TVN24 BiS