WARSAW—Poland is considering building a second 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 on March 27.
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 March 27 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 meters (Bcm) of gas per year.
The study would be concluded by year-end 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.
Recommended Reading
Earthstone’s Anderson Relaunches, Seeks Conventional
2024-05-24 - The new E&P PetroPeak Energy will also take a look at unconventional property in the Eagle Ford and Austin Chalk.
Dividends Declared Week of May 20, 2024
2024-05-24 - Here is a selection of upstream and service and supply company dividends declared in the past week.
Randolph Bell Joins JERA Americas as VP of Government, Regulatory Affairs
2024-05-22 - Randolph Bell will lead government engagement teams for JERA Americas at the local, state and federal level while focusing on energy markets.
Berntsen Joins Xcel as Executive VP, Chief Legal and Compliance Officer
2024-05-22 - Rob Berntsen is assuming the role from Amanda Rome, who had been in the position on an interim basis.
Riley Permian Increases Stake in West Texas Power JV with Conduit
2024-05-22 - Riley Exploration Permian increased its ownership in RPC Power, a JV with Conduit Power, to 50% from 35% and has agreed to sell up to 10 MMcf/d of natural gas as feedstock supply for the generation facilities as RPC plans to sell to ERCOT.