- Title: Poland's PGNiG signs long-term LNG deal with Cheniere
- Date: 8th November 2018
- Summary: WARSAW, POLAND (NOVEMBER 8, 2018) (REUTERS) EXECUTIVES OF POLAND'S STATE-RUN GAS COMPANY PGNIG AND U.S. ENERGY COMPANY CHENIERE SIGNING AGREEMENT HAND SIGNING DOCUMENT PGNIG AND CHENIERE EXECUTIVES STANDING UP AND SHAKING HANDS, U.S. ENERGY SECRETARY RICK PERRY AND PRESIDENT OF POLAND ANDRZEJ DUDA LOOKING ON AND APPLAUDING AUDIENCE APPLAUDING PERRY SPEAKING AT PODIUM DUDA AND OFFICIALS LOOKING ON (SOUNDBITE) (English) U.S. ENERGY SECRETARY, RICK PERRY, SAYING: "This is a signal across Europe that this is how your energy future can be developed - the security of your country, the diversity of your supply. It's a great day for Europe. The signals couldn't be stronger across this part of the world." DUDA AND OFFICIAL APPLAUDING AUDIENCE APPLAUDING DUDA SPEAKING AT PODIUM (SOUNDBITE) (Polish) PRESIDENT OF POLAND, ANDRZEJ DUDA, SAYING: "Poland wants to work and is already working closely with the United States in the area of security. Today, we have American military units present on Polish soil. I am happy that this cooperation is also developing in regard to energy security. When I look at it (the cooperation) I can safely say that this is a real transatlantic partnership." VARIOUS OF PERRY SITTING AND LISTENING CHAIRMAN OF BOARD OF PGNIG PIOTR WOZNIAK SPEAKING AT PODIUM (SOUNDBITE) (Polish) CHAIRMAN OF BOARD OF PGNIG, PIOTR WOZNIAK, SAYING: "It (the new contract signed) means the price terms are between 20 and 30 percent better than we now have in our contract with our eastern supplier." CHENIERE AND PGNIG LOGOS ON BACKDROP PERRY AND DUDA STANDING FOR PHOTOGRAPH PERRY, DUDA, WOZNIAK AND OTHER OFFICIALS LEAVING
- Embargoed: 22nd November 2018 10:31
- Keywords: Andrzej Duda President of Poland Rick Perry U.S. Energy Secretary PGNiG Cheniere LNG supplies Russian gas
- Location: WARSAW, POLAND
- City: WARSAW, POLAND
- Country: Poland
- Topics: Company News Markets,Economic Events
- Reuters ID: LVA00195NB2GP
- Aspect Ratio: 16:9
- Story Text: Polish state-run gas firm PGNiG signed a long-term deal with U.S. energy firm Cheniere to secure liquefied natural gas (LNG) supplies from the United States on Thursday (November 8) as Poland seeks to cut dependence on Russian fuel.
Poland consumes around 17 billion cubic metres of gas annually, more than half of which comes from Russia's Gazprom under a long-term deal that expires in 2022.
PGNiG has previously said it does not intend to extend the agreement, and has taken steps to secure supplies elsewhere after that date.
Under the terms of the new deal PGNiG will receive a total of 0.52 million tonnes of LNG in the period 2019-2022 and 29 million tonnes in 2023-2042, to be delivered to an LNG terminal in the Baltic Sea, the company said.
The chair of PGNiG's board, who co-signed the agreement with a Cheniere executive, said the price for gas in the new deal would be 20 to 30 percent cheaper than in the one with Gazprom.
U.S. Energy Secretary Rick Perry, who witnessed the signing of the agreement with Polish President Andrzej Duda, said the agreement contributed to making Poland more secure and diversifying its energy supply.
Poland also plans to build a gas pipeline to Norway via the Baltic Sea and Denmark to allow it to receive up to 10 bcm of gas annually from deposits under the North Sea.
Polish officials have repeatedly said that Warsaw pays too much for Gazprom's gas and have opposed a Russian plan to build a new gas pipeline across the Baltic Sea, saying it is aimed at strengthening its dominant market position in the region. - Copyright Holder: REUTERS
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