PGNiG To Build LNG Terminal Without Partner - Report
by AFX News Limited
October 02, 2007
Poland's natural gas monopoly, PGNiG, wants to
build a liquified natural gas (LNG) terminal without a partner and "sees
chances" it will sign a supply contract for the project by the end of 2007, a
company official was quoted as saying.
PGNiG plans to build an LNG terminal in Swinoujscie on the Baltic coast by
the end of 2011 and will buy 2.5 billion cubic metres of liquified gas per year as
part of Poland's strategy to limit its dependence on imports from Russia.
A PGNiG official was quoted as saying last week the construction of the
terminal will cost more than the initially planned EUR450 million.
"We are planning to build a liquified gas terminal on the Baltic coast,"
Tadeusz Zwierzynski, the PGNiG official in charge of the project, told daily
Rzeczpospolita. "The company set up by PGNiG for that project will be the sole
Gaz de France and Spain's Repsol have both expressed interest in cooperating
with PGNiG on building the terminal.
Copyright 2007 AFX News Limited. All Rights Reserved.
Polskie LNG (PLNG)
PGNiG SA (Polish Oil & Gas Co.)