Polish LNG Terminal Seen Ready for Commercial Use in 2Q 2016


WARSAW, Sept 9 (Reuters) - Poland's liquefied natural gas (LNG) terminal on the Baltic Sea will be ready for commercial exploitation in the second quarter of 2016, Polskie LNG said on Wednesday.

The state-run company which is responsible for the project said that Poland and the construction consortium led by Italy's Saipem signed an annex to the contract, which said the construction would be completed this year.

Polskie LNG also said that the contractor's fee has not been changed and still amounts to 2.4 billion zlotys ($635.8 million).

After missing an originally planned completion date of 2014, Saipem said earlier this year it would finish construction of the terminal near the city of Swinoujscie this summer only if it received further payment.

The terminal is Poland's flagship project aimed at cutting the country's dependence on Russian gas imports.

(Reporting by Agnieszka Barteczko; Editing by Adrian Krajewski)

Copyright 2016 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Senior Downhole Mechanical Tech - 1 Year Contract - Houston, TX
Expertise: Mechanical Technician
Location: Houston, TX
Slot Saw Operator - D-Shift
Expertise: Machinist|Mechanical Technician|Welding
Location: Lodi, CA
Slot Saw Operator - C-Shift
Expertise: Machinist|Mechanical Technician|Piping Technician
Location: Lodi, CA
search for more jobs

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours