Poland’s PGNiG Finalizes Contract for Port Arthur LNG Supplies
Posted on Dec 19, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Poland’s PGNiG Finalizes Contract for Port Arthur LNG Supplies
Polish Oil and Gas Company (“PGNiG”) announced that it has signed a 20-year contract with Port Arthur LNG, a subsidiary of Sempra Energy, for the sale and purchase of LNG from the proposed Port Arthur LNG terminal in Jefferson County, Texas. According to the press release, PGNiG will buy 2 million tonnes of LNG annually on a FOB (Free On Board) basis, and will be responsible for shipping the LNG from the Port Arthur terminal to the final destination. PGNiG plans to deliver cargoes to domestic customers in Poland or trade LNG on the global market, once operations commence.