Eleventh LNG spot delivery

The methane carrier Flex Rainbow transports about 64 thousand tonnes of liquefied natural gas from Sabine Pass, USA. The cargo was purchased as part of a spot transaction. This is the fifth delivery this year so far – three came from the US and two from Qatar.

On Tuesday, February 12th, PGNiG Polish Oil and Gas Company will receive another cargo of liquefied natural gas at the LNG Terminal President Lech Kaczyński in Świnoujście. After regasification the supply equals to approx. 90 million cubic meters of natural gas. The cargo was purchased as a spot transaction (a single delivery contract) from Centrica.

“The cargo, which arrives on February 12th, is the third spot delivery this year already, and the eleventh of this type since launching of the terminal in Świnoujście. 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 Management Board of PGNiG SA.

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.

rel (PGNiG SA)

Photo credit.: Polskie LNG / Twitter

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