PKN Orlen, Poland’s leading oil and gas company, has signed a 20-year contract with the American company Sempra Infrastructure for the delivery of 20 million tons of liquefied natural gas (LNG).
Under the deal, Sempra Infrastructure will deliver 1 million tons of LNG every year for twenty years, Orlen CEO Daniel Obajtek said at a press conference on January 25 and added that the agreement “secures increased use of natural gas in Poland and in the region.”
The annual amount of imported LNG will be turned into 1.3 billion cubic metres of gas after the regasification process in Poland.
According to Obajtek, the first deliveries will start in 2027 and the contract is in the free-on-board format, meaning that the buyer is responsible for the collection and transport of LNG from the Port Arthur terminal in Texas.
The latest deal raises the volume of Orlen’s contracts with US LNG suppliers to nearly 8 million tons of liquefied natural gas a year.
Orlen said in a January 25 statement that it was developing its own fleet of eight chartered gas tankers, with the first two vessels starting operation this year and the whole fleet being complete in 2025. (PAP/Business World Magazine)
