PGNiG: 11th spot cargo snapped for Polish LNG terminal

Polish oil and gas company PGNiG on Monday said it has booked the eleventh spot liquefied natural gas cargo to the President Lech Kaczyński LNG terminal in Świnoujście.

The company noted the Flex Rainbow LNG carrier is set to dock at the terminal on Tuesday, February 12, and deliver about 64,000 tons of the chilled fuel loaded at Cheniere’s Sabine Pass export facility in the United States.

The cargo was purchased as part of a spot transaction from Centrica and is the third spot cargo and the fifth delivery in total so far this year. PGNiG said three cargoes have been delivered from the United States and two from Qatar.

After regasification, the supply equals to approx. 90 million cubic meters of natural gas.

“Spot contracts are the result of the work of our trading team working in London, which analyzes the situation on the global market and forecasts a further increase in the number of favorable offers for LNG supplies,” said Maciej Woźniak, vice president of the PGNiG management board.

PGNiG SA imports liquefied natural gas to Poland from Qatar, Norway and the USA on the basis of agreements with Qatargas and Centrica, as well as on the basis of spot contracts.

This year, regular LNG deliveries from the USA will begin on the basis of a long-term contract with Cheniere Energy, one of four contracts signed by PGNiG with American partners in 2018.

The next LNG delivery to Świnoujście is scheduled for March 10th. The load will come to Poland as part of a long-term contract with Qatargas, PGNiG said.