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



Reuters

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)



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