Polish fertilizer maker Zaklady Azotowe Pulawy wants to work with PGNiG on setting up a liquified natural gas (LNG) terminal on the Baltic coast as it seeks cheaper supplies of gas, its chief executive was quoted as saying.

State-controlled PGNiG wants to build an LNG terminal in Swinoujscie by the end of 2011 and will buy 2.5 billion cubic meters of liquefied gas per year as part of Poland's strategy to limit its dependence on imports from Russia.

"PGNiG is working on the LNG terminal," Pulawy Chief Executive Pawel Jarczewski told newspaper Puls Biznesu in an interview. "We want to ask them if we could become a partner in the Polskie LNG venture."

Jarczewski said the company wants to improve its production efficiency, which should bring 100 million zlotys in savings. Pulawy's earnings have boomed in recent quarters as rising food prices have boosted demand for fertilizers.

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Related Project
Polskie LNG (PLNG)
Facility Type: LNG Owner: PGNiG SA (Polish Oil & Gas Co.)
Scope: New Construction Location: Swinoujscie Poland