Polish gas company PGNiG said on Sept. 30 it has secured regasification capacity at Lithuania's LNG terminal in Klaipeda in a 10-year deal.
The deal with terminal operator Klaipedos Nafta will allow PGNiG to import 6 terawatt hours (TWh) of LNG, equivalent to over 500 MMcm of natural gas annually via the terminal through 2032, the Polish firm said in a press release.
"I am convinced that the cooperation...will not only contribute to the business plans of both companies but will also enable further integration of gas markets in this part of Europe," said PGNiG chief executive Iwona Waksmundzka-Olejniczak.
"Allocation of the long-term capacity extends our future cooperation and will further contribute to the enhanced energy security of the region," said Klaipedos Nafta CEO Darius Šilenskis.
PGNiG started importing LNG through Klaipeda in May and has received six deliveries at the facility, with part of the cargo sold to customers in the Baltic States and the rest transported to Poland, the company said.
Recommended Reading
NextEra Energy Dials Up Solar as Power Demand Grows
2024-04-23 - NextEra’s renewable energy arm added about 2,765 megawatts to its backlog in first-quarter 2024, marking its second-best quarter for renewables — and the best for solar and storage origination.
BCCK, Vision RNG Enter Clean Energy Partnership
2024-04-23 - BCCK will deliver two of its NiTech Single Tower Nitrogen Rejection Units (NRU) and amine systems to Vision RNG’s landfill gas processing sites in Seneca and Perry counties, Ohio.
Romito: Net Zero’s Costly Consequences, and Industry’s ‘Silver Bullet’
2024-04-22 - Decarbonization is generally considered a reasonable goal when presented within the context of a trend, as opposed to a regulatory absolute.
Energy Transition in Motion (Week of April 19, 2024)
2024-04-19 - Here is a look at some of this week’s renewable energy news, including the latest on global solar sector funding and M&A.