In 2018, PGNiG – Polish Oil and Gas Company signed two long-term contracts with Venture Global LNG for the purchase of liquefied natural gas. One of them relates to receiving cargoes of LNG from the terminal at Calcasieu Pass in Louisiana, which is due to start operations in 2022. On 21st of February 2019, the US Federal Energy Regulatory Commission (FERC) has issued the Order Granting Authorizations for Venture Global Calcasieu Pass LNG export facility and associated gas pipelines leading to future export installations.
“We congratulate our American partners on obtaining final approval. We closely follow the progress of both projects developed by Venture Global LNG. From 2022, we will receive 1 million tonnes of LNG from the Calcasieu Pass annually, which equals approx. 1.35 billion m³ of gas after regasification, and the same volume from the Plaquemines terminal, which will be built a year later. This is an important element of our portfolio of LNG contracts. It will allow us not only to provide supplies for Poland, but also to trade LNG on the global market,“ commented Piotr Woźniak, President of the Management Board of PGNiG SA.
According to the announcement of Venture Global LNG, the company will immediately commence construction activities at Cameron Parish in Louisiana. Venture Global LNG, apart from PGNiG SA, has signed long-term SPA contracts for LNG deliveries with Shell, BP, Edison S.p.A., Galp and Repsol.
Another LNG export facility planned on the Gulf of Mexico is close to receiving its final FERC permit. The project developed by Port Arthur LNG – a subsidiary of Sempra Energy – obtained its Final Environmental Impact Statement at the end of January this year. The LNG export terminal is expected to be launched in Port Arthur, Texas in 2023. PGNiG SA signed a long-term agreement with Port Arthur LNG for the purchase of LNG with an annual volume of 2 million tonnes (approximately 2.7 billion m³ after regasification).