Poland's PGNiG to buy more US LNG from Venture Global, ends Port Arthur deal

摘要

Poland's state-controlled gas importer PGNiG has agreed to buy more LNG from US supplier Venture Global LNG, which is building an export facility in Louisiana and has proposed three others, while it has separately terminated an offtake deal with Sempra that was tied to a delayed liquefaction project in Texas. PGNiG, based on a new preliminary agreement, may in the future tap other facilities in Sempra’s North American portfolio, which includes an LNG terminal in operation in Louisiana, a proposed expansion of that terminal and an under-construction liquefaction terminal in Mexico. The flurry of activity announced July 27 reflects the shifting market dynamics amid strong prices in end-user markets.