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Poland to seek Qatar LNG discount
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Sunday, 25 Nov 2012
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Poland will seek a discount for future liquefied natural gas supplies from Qatar to reflect a drop in prices since the countries signed a deal in 2009.

Mr Mikolaj Budzanowski treasury minister of Poland said that Poland, which is looking to ease its reliance on Russian energy supplies, will open the Baltic Sea's first LNG terminal in the second half of 2014. The PLN 2.1 billion terminal in the Polish port of Swinoujscie will handle 5 billion cubic meters of gas annually. The terminal will help Poland gain access to the global LNG market to curb its dependence on costly imports from Russia's Gazprom.

He said that Qatari state run exporter Qatargas will provide around a third of the terminal's supplies after the countries signed a 20 year contract in 2009. Under the current contract, Poland will pay USD 340 to USD 380 per 1000 cubic meters. This is lower than the USD 400 to USD 500 Poland pays Russia.

Source - Reuters

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