Poland expects to sign a long-term deal for LNG supplies from the U.S. to reduce its reliance on Russian gas, the country’s President Andrzej Duda said after meeting U.S. President Donald Trump.
Poland imports most of the 16 billion cubic meters of gas it consumes a year from Russia, on the basis of a long-term deal with Gazprom which expires in 2022.
Warsaw plans to replace the Russian gas after then with supplies from Norway via a planned pipeline as well as with more LNG from the U.S. coming to its terminal at the Baltic Sea.
Duda spoke to Trump, who is visiting Warsaw, about Poland’s security and gas supplies.
“Let’s hope for more supplies and further diversification of supplies of this commodity to Poland,” Duda said at a joint news conference with Trump, adding that he expects a long-term contract with the U.S. to be signed “soon” and expressing hopes Poland may become a hub for U.S. deliveries for the region.
Trump confirmed that “many more” U.S. LNG shipments will be coming to Poland, but said the price might rise.
“Maybe we get your price up a little bit, but that’s OK, tough negotiations,” the U.S. president said.
“We are sitting on massive energy, we are now exporters of energy. Whenever you need energy, just give us a call,” Trump said.
Poland received its first and only LNG shipment from the U.S. in June and its state-run firm PGNiG is in talks over more deliveries.
Poland’s ambition is to resell gas in future, especially to Ukraine, but also to southern Europe. Once it completes the pipeline to Norway and expands its LNG terminal it will be able to import more gas than it consumes.
“America stands ready to help Poland and other European nations diversify their energy supplies, so that you can never be held hostage to a single supplier,” Trump said, referring to Russia.
Duda said that Poland wants to make sure no countries from the region fall victim to any gas “blackmailing” in the future. He also expressed support for a plan to build a gas link between Poland’s LNG terminal and Croatia.
Recommended Reading
Analyst Questions Kimmeridge’s Character, Ben Dell Responds
2024-05-02 - The analyst said that “they don’t seem to be particularly good actors.” Ben Dell, Kimmeridge Energy Partners managing partner, told Hart Energy that “our reputation is unparalleled.”
Tellurian Reports Driftwood LNG Progress Amid Low NatGas Production
2024-05-02 - Tellurian’s Driftwood LNG received an extension through 2029 with authorization from the Federal Energy Regulatory Commission and the U.S. Army Corps of Engineers.
Zeta Energy Appoints Michael Everett as COO
2024-05-02 - Prior to joining Zeta Energy, a lithium-sulfur battery developer, Michael Everett previously served as president and COO at Advanced Battery Concepts.
Shell Launches $3.5 Billion Share Buyback Program
2024-05-02 - Shell, which posted first-quarter adjusted earnings of $7.7 billion, will cancel all of the shares it buys.
Supply Disruptions Ahead as Canadian Rail Workers Vote for Strike
2024-05-01 - The union, representing more than 9,000 employees at Canadian National Railway and Canadian Pacific Kansas City, announced that 95% of its members approved of a strike, which could happen as early as May 22.