+44 207 394 30 90 (London)

Polish minister says U.S. LNG imports could undermine Gazprom’s position

Главная » News » Polish minister says U.S. LNG imports could…

WARSAW May 29 (Reuters) – Imports of liquefied natural gas (LNG) from the United States could significantly undermine the dominant position on the European gas market of Russia’s Gazprom , Poland’s minister responsible for oil and gas infrastructure said on Monday.

Poland imports most of the gas it consumes from Russia’s state-controlled Gazprom, which supplies a third of the European Union’s gas.

As part of its plan to reduce that reliance, Poland has built its first LNG terminal. The country has long-term contracts on LNG supplies with Qatargas and also has started LNG purchases on the spot market.

In June it expects to receive first U.S. LNG spot delivery.

The United States is expected to become the world’s third-largest exporter of LNG next year.

“Due to increased production and export capacities LNG has become a global product. If appropriate decisions are taken, then Gazprom could be excluded or blatantly reduced when it comes to its supplies to Europe,” Piotr Naimski, Poland’s minister in charge of oil and gas grids, told an LNG industry conference.

“The price offered in future contracts by potential U.S. exporters is linked to the Henry Hub in the U.S., and not, for example, to the London market. This is a problem for Europe – it means that to balance the price with the European one, the U.S. exporters would have to cover the transport costs,” he said.

(Reporting by Agnieszka Barteczko; editing by Jason Neely)

source: af.reuters.com

If you have found a spelling error, please, notify us by selecting that text and pressing Ctrl+Enter.

MORE

Russia sees huge potential on LNG cooperation with Spain

Russia sees huge potential regarding cooperation with Spain in LNG projects, Leonid Mikhelson, Chief Executive Officer of Novatek gas company and head of the Russian-Spanish business council, said Monday. “After Yamal LNG is launched Spain will become a big importer of Russian liquefied natural gas. We see huge potential in the development of LNG cooperation,”…


The second and the third construction stages of Zvezda ship-building yard are coordinated

The General Board of State Expert Review has approved the 2nd and the 3rd stages of the construction of Zvezda Ship-building complex in Bolshoi Kamen bay, located in the Far East. As was informed by the board media service, the commissioning of the 2nd and the 3rd stages will enable the construction of large-sized vessels…


The proximity to APR countries makes the Far Eastern region the leader in O&G export

The outcomes of Russia’s Far East development Strategic position The Far East accounts for 5% of oil and gas extraction volume in Russia. Owning to the proximity to ARP countries, its role in oil and gas sector becomes extremely important. The extraction volumes in the region are growing steadily. Rosneft contributes significantly to the sector…


Spelling error report

The following text will be sent to our editors: