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PGNiG gas inks deal for additional LNG supplies from Qatargas, annual volume to rise to 2.0 mln tons

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Listed natural gas group PGNiG contracted additional supplies of LNG from Qatar Liquefied Gas (Qatargas) with annual volume of supplies under the long-term contract to rise to 2 mln tons in years 2018-2034, the company said in a market filing.

In years 2018-2020, supplies will be higher, at 2.17 mln tons annually or some 2.9 bln cubic meters, PGNiG said.

 

" . . . pricing terms of the Side Agreement are satisfactory and in line with PGNiG's Strategy to optimize its gas portfolio management and are expected to have a positive impact on the PGNiG Capital Group financial results," the filing read.

 

Deliveries will run from the beginning of 2018 to June 2034.

2017-03-14



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