US-POLAND LNG DEAL WILL EASE EUROPE’S RELIANCE ON RUSSIA: PERRY / ENERGYNOMICS.RO


17.11.2018
Washington’s energy secretary on Thursday (8 November) hailed a 24-year deal to deliver US liquefied natural gas (LNG) to Poland as signal for Europe on ensuring energy security and easing dependence on Russian supplies.

The deal, the second multi-decade agreement with a US firm signed in two months, comes as Warsaw looks to diversify its gas supplies in an effort to wean itself off its heavy reliance on Russia amid tensions with Moscow, according to Euractiv.com.

“This is a signal across Europe that this is how your energy future can be developed, the security of the country, the diversity of supply – this is a great day for Europe,” US energy secretary Rick Perry said at a signing ceremony in Warsaw with Polish President Andrzej Duda.

Poland, which currently sources about two-thirds of its gas from Kremlin-backed Russian energy giant Gazprom, is also eyeing imports from Norway and Qatar.

State-run gas firm PGNiG said it had sealed a two-tranche 24-year deal for LNG deliveries from the Texas-based Cheniere Marketing International, amounting to a total of 40.95 billion cubic meters of natural gas after regasification.

“This deal will provide Poland with energy security,” said Duda, adding that the agreement reflects “a real transatlantic partnership.”

The deal with the US firm is due to take effect in 2019, three years before Warsaw’s current contract with Gazprom for 10 billion cubic metres of natural gas per year is set to end.

17.11.2018 · US / POLAND