Gaz-System signs charter agreement for Poland’s first FSRU

Gaz-System has signed a charter agreement setting out the terms and conditions for the delivery and operation of an FSRU in the Gulf of Gdansk. The contract has been concluded with White Eagle Energy Ltd, a Mitsui O.S.K. Lines group company.

“The FSRU terminal is a strategic investment that will allow us to meet the most urgent needs to ensure the diversification and security of natural gas supply to both Poland and the region. This is demonstrated by the award of funds from the NIP under the REPowerEU programme for the construction of the onshore part of the FSRU. The contracting of the LNG storage and regasification unit by Gaz-System is another important stage of this project,” – said Maciej Bando – Government Plenipotentiary for Strategic Energy Infrastructure.

“The signed Time Charter Party (TCP) contract is the result of a very intensive tender process started last year and many months of negotiations between Gaz-System and Mitsui O.S.K. Lines. The contract sets out the detailed terms and conditions for chartering the first floating regasification unit in Poland,” – Sławomir Hinc, CEO of Gaz-System, pointed out. “Poland’s second LNG Terminal will ensure the flexibility of natural gas supply to Poland, which is necessary to guarantee the continuity of supply to consumers in each province and the operational security of the national transmission system,” – President Hinc added.

“With the signing of the TCP agreement we have reached an important milestone. I would like to take this opportunity to acknowledge the commitment and effort put into this process by both parties. Mitsui O.S.K. Lines appreciates the opportunity to contribute to Poland’s energy security. I believe that this agreement will allow Mitsui O.S.K. Lines to utilise its extensive experience and knowledge from implementing such projects around the world. We look forward to developing this project with our valued partners and Gaz-System Company. We are confident that this is the beginning of a long-term relationship based on trust, mutual respect and a shared vision for the future,” – said Toshinobu Shinoda, Managing Director of Mitsui O.S.K. Lines, responsible for the Europe and Africa area.

The FSRU terminal in the Gulf of Gdansk will be of great importance not only for increasing the energy security of our country and region but also for supporting the ongoing decarbonisation process of the Polish economy.

The unit to be chartered will have a capacity of about 170,000 m³ of LNG and a regasification capacity of about 6.1 billion m³ of natural gas per year. The onboard LNG regasification facilities will have a nominal capacity of at least 783.5 thousand m³/h.

The contract is concluded for 15 years with the possibility of further extension. Gaz-System has also guaranteed itself the right to purchase the FSRU based on the charter agreement.

The South Korean shipyard HD Hyundai Heavy Industries, with which White Eagle Energy Ltd. has a parallel Ship Building Contract (SBC), will construct the vessel.

The FSRU terminal construction project envisages the location of one Floating Storage Regasification Unit (FSRU) in the Gulf of Gdansk, which will enable the offloading of LNG, in-process storage and regasification of LNG and will also be adapted to provide additional services. Gaz-System will be responsible for the following components of the project: the Floating Storage Regasification Unit (FSRU), the hydrotechnical infrastructure, including the ship’s berth (jetty), the offshore gas pipeline and the onshore gas pipelines. On the other hand, the Maritime Office in Gdynia is tasked with constructing the shield breakwater.

The demand for the full capacity of the FSRU was expressed by the ORLEN Group, which placed an order covering 100 per cent of the Regasification Services provided by Gaz-System.

Source: PortalMorski.pl