Poland signs LNG terminal expansion deal
Polskie LNG, the operator of the LNG Terminal in Świnoujście, together with the Management of Szczecin and Świnoujście Seaports, on Wednesday signed a deal with a consortium of TGE Gas Engineering and PORR for the expansion of the terminal.
Under the PLN 1.9 bln (EUR 0.43 bln) deal, the consortium will increase the terminal's regasification capacity to 8.3 bln cubic metres from the current 5 bln cubic metres by the end of 2023.
The contract involves the construction of a third LNG tank, a second loading/unloading berth and infrastructure to bunker and load LNG on ships.
The EU's share in the project is PLN 461 mln (EUR 106 mln) under the Infrastructure and Environment programme for 2014-2020.
"The terminal is one of the most effectively-used facilities of its kind in Europe and will remain as such after the expansion," said the government's commissioner for strategic energy infrastructure, Piotr Naimski.
"The expansion of the LNG terminal is in line with the broad programme of strategic maritime investments that will significantly increase Poland's potential on the Baltic," said Maritime Economy Minister Marek Grobarczyk.