Poland hopes to get first LNG shipments from Algeria by 2010-2011, minister says

International Herald Tribune ^ | January 17, 2007

[lizol]

Poland hopes to get first LNG shipments from Algeria by 2010-2011, minister says

The Associated Press Published: January 17, 2007

WARSAW, Poland: Poland hopes to receive its first shipments of liquefied natural gas from Algeria by 2010-2011 as it seeks to diversify its energy suppliers, the Polish economy minister said Wednesday.

Piotr Wozniak said he and Algerian Energy Minister Chakib Khelil signed a memorandum of understanding on energy cooperation as Poland looks to wean itself off its dependence on energy supplies from Russia.

Polish natural gas monopoly Polskie Gornictwo Naftowe i Gazownictwo, or PGNiG, will begin exploratory talks on a possible liquid natural gas supply contract Thursday with Algerian state oil and gas company Sonatrach, Wozniak said after talks with Khelil.

Wozniak said the goal of Warsaw's cooperation with Algeria was "to stabilize the supply of gas to Poland."

Poland was twice hit by cuts of gas and oil supplies from Russia over the past 13 months due to Moscow's disputes over price and export duties with Ukraine and Belarus.

As a result, Prime Minister Jaroslaw Kaczynski's government is pushing to diversify Poland's energy supplies.

[lizol]

Eastern European ping list

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[AdmSmith]

What happened to the gas deposit in Poland that was discussed last summer? I think that PGNiG was involved and kept it secret for a while.

[lizol]

I don't know.

What I know is, that they're going to build LNG sea terminal near Swinoujscie - next year probably.

[AdmSmith]

Poland's natural-gas monopolist PGNiG faces serious risk of failing to recoup the costs of investment in a liquefied natural gas (LNG) terminal, as demand for the costly commodity could fall short, analysts said.
"From the very beginning construction of [an] LNG terminal gave rise to doubts about its profitability," BDM PKO BP analyst Ludomir Zalewski wrote in a note. "It will certainly improve Poland's energy security but pressurized natural gas PNG is much more expensive from the traditionally transported gas so the risk is high that there will not be customers to purchase this gas and the investment will not be profitable."

Recently PGNiG decided to locate an LNG terminal in Swinoujscie in north-western Poland by the German border. The EUR 350 mln investment will begin in late 2007 or early 2008 and will be complete in 2011. The terminal's capacity will amount to 2.5 bln cubic meters
http://wiadomosci.onet.pl/1452978,10,1,0,120,686,item.html

[RusIvan]

What I know is, that they're going to build LNG sea terminal near Swinoujscie - next year probably.
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So Poland doesn't want to develop her own coal and give work to her people. Strange.