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PGNiG signs SPAs with Venture Global and MoU with Sempra

July 27, 2021

PGNiG signs SPAs with Venture Global and MoU with Sempra

Polish Oil and Gas Company (PGNiG) signed 20-year SPAs with Venture Global for 2 MTPA in total. Out of these volumes, 0.5 MTPA will be taken from Calcasieu Pass and 1.5 MTPA from Plaquemines LNG, on a FOB basis from both plants. The volume of LNG contracted from Venture Global LNG by PGNiG totals 5.5 MTPA. The first deliveries from Calcasieu Pass are expected in 2023.

 

PGNiG decided to terminate the SPA with Sempra LNG for a 2 MTPA offtake from Port Arthur LNG due to delays in the project’s development. Simultaneously PGNiG and Sempra signed an MoU for a possible shift of these volumes to other liquefaction projects from Sempra LNG’s portfolio. As part of the MOU, Sempra and PGNiG will work toward a framework for the reporting, mitigation and reduction of GHG emissions throughout the LNG value chain.

 

Edited from PGNiG press releases