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Poland plans LNG terminal extension

PR dla Zagranicy
Peter Gentle 22.10.2014 08:53
The LNG marine terminal in Swinoujscie will be extended by a third storage unit, the facility's operator Polskie LNG said on Tuesday.

photo
photo - wikipedia

Polskie LNG announced the signing of a letter of intent with Poland's natural gas monopolist PGNiG on cooperation in the construction of the terminal's extension. PGNiG is also considering capital involvement in the project.

The Swinoujscie terminal is still under construction and at the end of September it was 93.7 percent complete. It will in operation in 2015. In its current form it has two gas storage units, providing for an annual import capacity of 5 billion cubic metres of LNG.

When extended in accordance with the announced plan, the terminal will have an import capacity of 7.5 billion cubic metres of gas annually. This stands for 50 percent of Poland's annual natural gas usage.

“As a new entity on the world gas market, the LNG terminal in Swinoujscie will be an important part of the European natural gas transmission system,” said Tomasz Peplinski, CEO of Polskie LNG.

The two companies declared they would hold talks on cooperation in the extension of the facility and in additional services to be performed there.

“The Swinoujscie terminal is one of those investments that will allow for the diversification of natural gas supplies,” said Mariusz Zawisza, CEO of PGNiG. “It's expansion will give us more opportunities on the market and it will significantly raise the country's energy security.” (kw)

tags: gas, LNG
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