Poland sees record LNG deliveries amid fears of Russian supply cuts
A record number of five tankers will deliver liquefied natural gas (LNG) to an LNG terminal on the Polish coast in March as tensions between Russia and the West mount owing to the Russian invasion of Ukraine.
Each of the five tankers will deliver between 100 and 120 million cubic metres of gas, after regasification, Pawel Majewski, CEO of Poland's gas monopolist PGNiG, told Business Insider Polska on Friday.
"It is a record number," Majewski said. "We have never handled so many ships in one month."
Majewski went on to observe that for a few years his company "has been implementing a consistent diversification strategy to become independent from gas deliveries from one direction," making an apparent reference to Russia.
"With this in mind, we're significantly increasing LNG deliveries to Poland... from Qatar and the United States," Majewski said.
Since 2016, when the terminal was opened, Poland has handled 150 LNG tankers.
"It is more than 17 billion of cubic metres of LNG after regasification," Majewski said.
According to the PGNiG boss, Poland's gas inventories are now at 60 percent of storage tank capacity, a level that would let the country survive with no further supplies for "a month of a severe winter."
The West has hit Russia with harsh economic sanctions for its attack on Ukraine, but oil and gas deliveries have been left untouched due to Europe's huge dependence on Russian hydrocarbons.