PGNiG has signed Heads of Agreement with Sempra Infrastructure defining the main provisions of a purchase and sale agreement for 3 million tons of liquefied natural gas per annum. The LNG would be sourced from two liquefaction terminals in the Gulf of Mexico and would come to Poland, among others, via a floating regasification terminal in the Gulf of Gdansk.The agreement concluded by PGNiG and Sempra Infrastructure provides for the signing of 20-year sale and purchase agreements for LNG from the future expansion of the Cameron LNG terminal in Louisiana and the anticipated Port Arthur LNG terminal in Texas. The Cameron LNG expansion terminal is expected to be the source of 2 million tons of LNG per annum while the Port Arthur LNG terminal is expected to be the source of 1 million tons of LNG per year. The total annual volume corresponds to approximately 4 bcm of natural gas after regasification. The parties expect that the initial deliveries of LNG may start in 2027. The future contract would be based on the free-on-board formula, which means that the buyer is responsible for LNG shipments originating from the liquefaction terminals.The Cameron LNG Phase 1 liquefaction facility was first commissioned in 2019. Currently, the Cameron LNG facility has the capacity to produce 12 million tons of LNG per year. Sempra Infrastructure, together with its partners in the Cameron LNG joint venture, plans to expand the facility in the coming years, which will increase the facility’s total production capacity to nearly 19 million tons of LNG per annum. The LNG that is subject to the purchase and sale agreements with PGNiG is expected to be sourced from the expansion.The Port Arthur LNG terminal is expected to produce about 13.5 million tons of LNG per year in the first phase of operation. The project has already obtained all necessary permits to start the investment.
PGNiG has signed Heads of Agreement with Sempra Infrastructure defining the main provisions of a purchase and sale agreement for 3 million tons of liquefied natural gas per annum. The LNG would be sourced from two liquefaction terminals in the Gulf of Mexico and would come to Poland, among others, via a floating regasification terminal in the Gulf of Gdansk.The agreement concluded by PGNiG and Sempra Infrastructure provides for the signing of 20-year sale and purchase agreements for LNG from the future expansion of the Cameron LNG terminal in Louisiana and the anticipated Port Arthur LNG terminal in Texas. The Cameron LNG expansion terminal is expected to be the source of 2 million tons of LNG per annum while the Port Arthur LNG terminal is expected to be the source of 1 million tons of LNG per year. The total annual volume corresponds to approximately 4 bcm of natural gas after regasification. The parties expect that the initial deliveries of LNG may start in 2027. The future contract would be based on the free-on-board formula, which means that the buyer is responsible for LNG shipments originating from the liquefaction terminals.The Cameron LNG Phase 1 liquefaction facility was first commissioned in 2019. Currently, the Cameron LNG facility has the capacity to produce 12 million tons of LNG per year. Sempra Infrastructure, together with its partners in the Cameron LNG joint venture, plans to expand the facility in the coming years, which will increase the facility’s total production capacity to nearly 19 million tons of LNG per annum. The LNG that is subject to the purchase and sale agreements with PGNiG is expected to be sourced from the expansion.The Port Arthur LNG terminal is expected to produce about 13.5 million tons of LNG per year in the first phase of operation. The project has already obtained all necessary permits to start the investment.
