Polish Briefing 24 June, 2020 9:00 am   
Editorial staff

Polish Briefing: Poland-Ukraine-US agreement on LNG at Duda’s visit in Washington?

What goes on in Poland on the 24th of June.

Poland-Ukraine-US agreement on LNG at Duda’s visit in Washington? The mysterious company has a plan

A representative of a company Louisiana Natural Gas Exports reveals that the memorandum of supply up to 5,5 billion cubic meters of LNG to Ukraine may by followed by an investment in the Poland-Ukraine gas pipeline to enable it. It is not known if this topic will be raised during the meeting of the President of the Republic of Poland with his American counterpart on 24 June.

LNGE President Ben Blanchet gave an interview to the Ukrainian League on June 15, in which he revealed that his company was interested in liquefied gas supplies to Ukraine after the Poland-Ukraine-USA memorandum on gas cooperation in the region from September 2019. He assured that he wanted to act with the support of the US government. LNGE intends to sign a memorandum with the Ukrainian government on its will to start deliveries to 5,5 billion cubic meters of gas per year.

– The Memorandum is a framework agreement describing the grounds for further negotiations. This is not a direct commitment yet – admits Blanchet. – Then we need to carry out technical work and discuss all the details. We are currently talking about the possibility of delivering gas to Ukraine for twenty years through an LNG terminal in Poland. To do this, we want to invest about USD 300 million in the construction of a gas connection on the Polish-Ukrainian border. This is an estimate, we will know better when construction starts. The supply volume is about 5,5 billion cubic meters of gas per year. The gas price will be negotiated and can be verified by Ukraine by means of an audit.

The EU will support gas projects worth almost PLN 6,7 billion in Poland

The Minister of Funds and Regional Policy Małgorzata Jarosińska-Jedynak revealed on the occasion of her visit to Szczawnica the value of gas projects supported by the European Union despite the discussion about whether it is worth investing in this fossil fuel.

The Ministry reports that Minister Jarosińska-Jedynak said that the total value of gas infrastructure projects created with the support of the EU in the current financial perspective is almost PLN 6,7 billion, of which the co-financing from the Operational Program Infrastructure and Environment amounts to nearly PLN 3 billion. She emphasized that thanks to EU support, approximately 1503 km of transmission and distribution gas pipelines will be built.