Dec 2, 2007

PGNiG may delay LNG terminal plans

Poland's natural gas monopoly PGNiG might delay its plan to build an LNG terminal on the Baltic coast due to failures to sign supply contracts.
Dziennik newspaper reported that new Treasury Minister Aleksander Grad has ordered analysis of the project along with PGNiG's other major investment - the construction of the Baltic Pipe pipeline connecting Poland to Denmark.
PGNiG has planned to build an LNG terminal in Swinoujscie on the Baltic coast by the end of 2011 and receive 2.5 billion cubic meters of liquefied gas per year as part of Poland's strategy to limit its dependence on imports from Russia.

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