Poskie LNG signs a co-financing contract for the terminal expansion

April 26, 2019

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Polskie LNG signed the co-financing agreement for the ‘Expansion of LNG Terminal’ project from the EU funds on April 24 in Świnoujście. The company may apply for the reimbursement of the costs incurred up to EUR 128 million from the European Regional Development Fund and the Cohesion Fund. The funds are granted to the expansion of terminal functionality through:

– the increase of regasification capacity of the Terminal to 7.5 bcm

– the expansion of the sea transshipment system;

– the construction of an onshore LNG-to-rail loading system;

– the construction of the 3rd LNG process storage tank with necessary installations and equipment.

Edited from Polskie LNG press release.