Gas giant PGNiG signs biggest ever LNG contract

PGNIG Obrot Detaliczny (PGNiG's retail arm) President Henryk Mucha said: "The volume of delivery foreseen for LG is over twice as high as our previous biggest contract.” Mateusz Marek/PAP

Gas giant PGNiG has signed its biggest ever contract to build a regasification plant providing 19,000 tonnes of Liquified Natural Gas (LNG).

The deal struck with Korean company LG Electronics will see the plant being built near LG's Lower Silesian factory over a five year period. 

Scheduled for completion in early December 2020, the contract, will run until 2025.

The LNG deal is the biggest in PGNiG’s history.Leszek Szymański/PAP

President of PGNIG Obrot Detaliczny (PGNiG's retail arm), Henryk Mucha said that the amount of LNG to be delivered was “twice as high as our previous biggest contract.”

The LNG will power a facility at the Kobierzyce industrial park near Wroclaw, southwestern Poland, making electric car batteries. 

In March, LG Chem Wroclaw Energy, the owner of the factory, received a EUR 480-million loan from the European Investment Bank to continue construction of the plant.