Świnoujście terminal which is designed to reduce Poland’s dependence on natural gas imported from Russia will be completed by the end of the year, Polskie LNG, a company designed to conduct the investment, informed in a press release.
Poland's liquefied natural gas (LNG) import terminal in Świnoujście will receive its first cargo of the chilled gas by the end of 2015.
However, the terminal on the Baltic Sea will be ready for commercial exploitation in the second quarter of 2016.
Gaz-System’s unit Polskie LNG, which is building the import terminal, said it had reached an agreement with Italian company Saipem, the main contractor of the scheme, which was due to be carried out last year.
In line with the deal, Saipem will not receive a higher payment which stands at 2.4 billion zlotys ($635.8 million), and will incur more severe fines, in case of any irregularities. First supplies of LNG will be delivered this year.
The start-up of Poland’s first LNG terminal has been delayed several times with the original date which was set for the end of June last year.