Polish gas company PGNiG is set to receive a spot cargo of U.S. LNG on Dec. 13 as part of plans to reduce its reliance on Russian imports and to become a bigger player in the LNG market.
PGNiG said the Hoegh Gallant tanker with 65,000 tonnes of LNG is nearing the Baltic Sea terminal of Swinoujscje.
The delivery will be PGNiG's third spot deal this year and seventh since the Swinoujscje terminal opened in 2015.
PGNiG has been buying LNG from Qatar, Norway and the United States on the spot market as well as under term contracts.
The company is "building a diversified LNG contract portfolio - not only in terms of the sources of supply but also the duration of contracts... (and) we are still interested in the opportunities that come out on the spot market," PGNiG Chief Executive Piotr Wozniak was quoted as saying in a statement.
Recommended Reading
Segrist: American LNG Unaffected by Cut-Off of Russian Gas Supply
2025-02-24 - The last gas pipeline connecting Russia to Western Europe has shut down, but don’t expect a follow-on effect for U.S. LNG demand.
Exxon Aims to Boost Guyana Gas Production, Explore Export Options
2025-02-21 - Production capacity in Guyana is expected to surpass 1.7 MMbbl/d, with gross production growing to 1.3 MMbbl/d by 2030.
EIA Reports Larger-Than-Expected NatGas Withdrawal, Again
2025-02-20 - The storage drop failed to offset warmer forecasts, as natural gas prices dipped following a three-week rally.
Petrobras Signs on for 15 Years of LNG from Centrica
2025-02-20 - Petróleo Brasileiro SA has signed a 15-year purchase and sale agreement with British global natural gas supplier Centrica.