Polish Briefing 20 September, 2017 9:00 am   
COMMENTS: Mateusz Gibała

Polish Briefing: San Leon Energy will sell a part of concessions for gas and oil exploration in Poland

What goes on in Poland on the 20th of September.

Świnoujście LNG terminal will have a second wharf to conquest the Baltic Sea

Gaz-System issued recommendation to Polskie LNG company to start designing and preparation works to extent the Lech Kaczynski LNG Terminal in Świnoujście. An additional loading and unloading station for ships and an LNG tanker loading station will also be built in frames of the project. Extension works in LNG terminal are a part of the „Northern Gate” project.

The effect of of LNG Terminal extension will be a possibility of loading and unloading tankers of a small and medium scale and LNG transshipment.

Finish of extension works in LNG terminal in Świnoujście is planned for 2021. After the works, regazification powers of the terminal will rise from 5 billion cubic meters to 7,5 billion cubic meters.

San Leon Energy will sell a part of concessions for gas and oil exploration in Poland

The company will sell their Cieszyn, Bielsko-Biała, Prussic, Kotlarka, Góra and Nowa Sól concessions. San Leon is saving concessions for shale gas exploration in Gdańsk W and Szczawno.

The company informed that concluded a set of contracts with TSX-Ventures company in favor of Horizon Petroleum Ltd. The documents concerned sales of all shares in two oil and gas concessions in Cieszyn and Bielsko-Biała. The transaction was to be realized by handing all shares over to a dependent company. San Leon also discarded all shares in two additional oil and gas concessions in Poland, known as Prussic and Kotlarka. In frames of this transaction, Horizon Petroleum pail an irreclaimable $ 100 000 deposit and enlisted a $ 100 000 loan.

The Irish are most likely to concentrate their effort on oil exploration in Nigeria.

Gen. Kraszewski: The Polish Armed Forces are monitoring Zapad 17 exercises

Zapad-17 strategic maneuvers are taking place in Belarus, Black Sea, Western Russia and in Kaliningrad Oblast. They gather 12 700 soldiers and 700 equipment units from both countries.

-The Polish Armed Forces have taken appropriate measures aimed to monitor the situation along the borders, especially endangered by provocative activities during such exercises – said Kraszewski.

– We have not observed such cases yet – general pointed.

Kraszewski added that until Zapad 17 are not officially finished and forces taking part in maneuvers get back to their previous locations, „we must not slow down the tempo of monitoring the situation”. „We should not treat those exercises neutrally” – he stressed.

Despite assurances in Minsk and Moscow that Zapad-17 exercises are clearly defensive, they bring a big distress among neighbors, especially in Ukraine which fell prey to russian aggression. Lithuania and Poland also expressed fear in relation to exercises. NATO announced that they will intend to observe them carefully.

Poland announced its willingness to increase its military spendings in the next budget year.