Poland Considers Building Floating LNG Terminal by 2021

Source: Reuters 3/27/2017, Location: Europe

Poland is considering building a second liquefied natural gas (LNG) terminal on the Baltic Sea by 2021 for about 700 million euros ($761 million), as a potential alternative to a planned gas pipeline to Norway, the gas system operator said.

Poland imports most of the gas it consumes from Russia's Gazprom. In a drive to reduce the reliance, Poland opened its first LNG terminal last year and plans to build a gas link to Norway's deposits.

On Monday the operator also said it would soon start the feasibility study for the floating storage regasification unit, most likely at the Gdansk Bay, enabling the import of 4.1 billion to 8.1 billion cubic metres (bcm) of gas per year. The study would be concluded by the end of 2017, Gaz-System said.

"The floating terminal is an alternative to the planned pipeline to Norway, which is our base scenario, but we have to be prepared for any circumstances," Gaz-System spokesman said.

Polish state-run gas firm PGNiG buys up to 10.2 bcm of gas a year from Gazprom, accounting for the bulk of Poland's annual consumption of 15 bcm to 16 bcm.

The Gazprom contract, signed in 1996, expires in 2022. Poland said it had no plans to extend it and is instead working to replace the gas imports from Russia with LNG and supplies and deliveries from Norway after 2022. ($1 = 0.9204 euros)


Canada >>  8/10/2022 - FortisBC Holdings Inc. (“FortisBC”) and Musqueam Indian Band (“Musqueam”) are announcing the signing of an agreement, which will result in the parties...
Congo >>  8/5/2022 - Eni informs that it has acquired the company Export LNG Ltd, which owns the Tango FLNG floating liquefaction facility, from Exmar group. The facility ...

France >>  8/3/2022 - Alternative data specialist QuantCube Technology announced the availability of the QuantCube Liquefied Natural Gas (LNG) Commodity Trade Indicator. By...
Canada >>  7/29/2022 - Pacific Energy Corporation Limited (Pacific Energy) and Enbridge Inc. (Enbridge or the Company) announced an agreement to jointly invest in the constr...

Italy >>  7/25/2022 - - The aim is to leverage on infrastructure and know-how of both companies, thereby contributing to decarbonisation of transport and off-grid users
United States >>  7/23/2022 - ION Commodities, the global leader in Energy and Commodity management solutions, is delighted that Golden Pass LNG, owned by affiliates of QatarEnergy...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.