Poland's PGNiG signs 10-year capacity deal with Klaipeda LNG (updated)

KN Energies AB

30/09/2022 12:22

(Adds PGNIG CEO and Klaipedos Nafta CEO, details)
       GDANSK, Sept 30 (Reuters) - Polish gas company PGNiG
 PGN.WA  said on Friday it has secured regasification capacity
at Lithuania's liquefied natural gas (LNG) terminal in Klaipeda
in a 10-year deal.
    The deal with terminal operator Klaipedos Nafta will allow
PGNiG to import 6 terawatt hours (TWh) of LNG, equivalent to
over 500 million cubic metres of natural gas annually via the
terminal through 2032, the Polish firm said in a press release.
    "I am convinced that the cooperation (...) will not only
contribute to the business plans of both companies, but will
also enable further integration of gas markets in this part of
Europe," said PGNiG chief executive Iwona
Waksmundzka-Olejniczak.
        "Allocation of the long-term capacity extends our future
cooperation and will further contribute to the enhanced energy
security of the region (...)," said Klaipedos Nafta CEO Darius
Šilenskis.
  
        PGNiG started importing LNG through Klaipeda in May and
has received six deliveries at the facility, with part of the
cargo sold to customers in the Baltic States and the rest
transported to Poland, the company said.
  
 (Reporting by Karol Badohal and Patrycja Zaras; editing by
Jason Neely and Chizu Nomiyama)
 ((karl.badohal@thomsonreuters.com; +48 58 769 65 97;))