PGNiG increases share in regasification capacity at Kaczynski LNG terminal
Polish Oil and Gas Company (PGNiG) has increased its share of the regasification capacity at the President Lech Kaczynski liquefied natural gas (LNG) terminal in Swinoujscie to 100%, following the reservation of an additional 35%.
With the increased capacity, PGNiG aims to scale up import opportunities and meet the growing demand for gas in Poland and Central Europe.
The company currently has 65% regasification capacity, with the additional capacity available from January next year.
PGNiG management board president Piotr Wozniak said: “We have signed the second long-term contract for LNG with Qatargas and we received three spot supplies. Demand for gas in Poland is growing. We are also increasing export of the commodity to Ukraine.
“Regasification capacity of the LNG terminal in Swinoujscie currently used by PGNiG became insufficient. That is why we decided to increase the reservation.”
At present, the LNG terminal has a regasification capacity of 5bcm per annum.
Polskie LNG, which operates the terminal, recently revealed its plans to increase the capacity up to 7.5bcm.
The terminal receives carriers with and provides the unloading of LNG, as well as its collection and regasification, following which the gas is delivered to the transmission system.
Commercial operations at the terminal were first started in June last year. Around 1bcm of natural gas was imported from Qatar.
Around 1.3bcm of gas is expected from Qatargas in the current year, with another 2.9bcm set to be imported next year under the contracts.