PGNiG and Venture Global LNG Agree New Purchase of 1.5 MTPA of LNG

United States Secretary of Energy, Rick Perry said: "Poland and the United States have a strong and strategic alliance and friendship which is fortified by a shared commitment to energy security and an understanding that true energy security is achieved through energy diversity. Today's announcement of the significant expansion of the existing LNG partnership between Venture Global and PGNiG further solidifies that goal. Under President Trump's leadership, our two nations have launched the U.S.-Poland Strategic Energy Dialogue which fosters and supports partnerships just like this. We look forward to even more in the months and years to come."

WASHINGTON, 12/06/2019 (informazione.news - comunicati stampa - energia)

 

 

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 "We are delighted to expand our existing strategic partnership with Poland and PGNiG, one of Europe's most important international oil and gas companies. With Calcasieu Pass already under construction and progressing on schedule, this agreement further demonstrates our ability to offer low-cost LNG from our Plaquemines project to our international partners.  Plaquemines LNG uses the same highly efficient and reliable process system as Calcasieu Pass, provided by Baker Hughes, a GE company (BHGE). further added: "we are also delighted that our project's steam turbines and the generators for those turbines will be manufactured in Poland , a global center of manufacturing excellence"

The Federal Energy Regulatory Commission (FERC) recently issued ( 3rd May 2019 ) a Final Environmental Impact Statement for both the Plaquemines LNG facility and the associated Gator Express Pipeline.

Contracts with Venture Global LNG projects have been concluded for 20 years in the FOB (Free-on-Board) formula. This means that from the moment of loading in the liquefaction facility, the purchaser, in this case PGNiG, controls the LNG on board, including deciding on the cargo's destination.