Poland's PGNiG to Charter LNG Tankers

Wednesday, October 30, 2019

Poland's state-run gas firm PGNiG has started the tender process to charter liquefied natural gas (LNG) tankers for its new imports of the super-chilled fuel, a senior company official said on Wednesday.

The company currently imports most of the gas it sells to its customers from Russia's Gazprom, but Warsaw has taken steps to reduce that reliance so that it does not have to extend a long-term deal on gas supplies after 2022, when it is scheduled to expire.

It has bought more LNG from Qatar and the United States and has signed import deals with companies including U.S. firm Venture Global which is developing the Calcasieu Pass LNG terminal.

"We are now organising ourselves, signing agreements with Venture Global and other companies for LNG supplies to Poland," said Maciej Wozniak, vice president Of PGNiG's management Board.

With part of the supply deals signed on a free-on-board (FOB) basis, meaning the buyer has to arrange their own shipping, the company has started a tender process for term charters, he said at a gas conference in Singapore.

"We know that some big players like Qatar Gas are going to invest more in vessels, that's why we would like to have 6 to 8 vessels starting from the beginning of 2022 or 2023," he said.

PGNiG is also considering re-exporting some of its gas in future, Wozniak said.

"We are preparing ourselves for being able to re-export some bits of extra supplies, probably and hopefully to the Asian market," he said. 

Reporting by Shu Zhang

Categories: Contracts Tankers LNG Marine Equipment Environmental;logistics

Related Stories

Consortium to Advance e-Fuel Green Corridor Between Brazil and Belgium

BHP and GCMD Trial B100 Blend in Existing Supply Chain

Jotun's Hull Skating Solutions Receives DNV Verification

Current News

Port of Brownsville Welcomes Local, Industry Leaders at State Address

US Sanctions Cuban State Oil Company

Los Angeles Adopts $3.4 Billion Port Budget

Spiridon II Livestock Transport Organizer Due in Court

Subscribe for Maritime Logistics Professional E‑News