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The US and Poland have just signed a 24-year LNG deal that will ensure the latter’s energy security and independence from the big Russian bear to the east.
LNG is completely changing the global energy landscape. The US just made a 24-year deal with Poland to facilitate shipment of LNG to the land of “God, Honor, Fatherland.” That LNG will serve ensure Poland’s independence from an ever hungry Russian bear looking to reestablish dominance over Eastern Europe. This LNG deal is likely to be one of many and we can expect Pennsylvania LNG to find its way to Europe via Cove Point. At least one Cove Point shipment has already gone to the UK, in fact, and at least one ship has left Cheniere’s Sabine Pass export terminal in Louisiana with LNG for Poland. Many more will follow.
Polish LNG Terminal in Świnoujście (Photo: GAZ-SYSTEM)
Here’s an excerpt from the Poland story out of Euractiv:
Washington’s energy secretary on Thursday (8 November) hailed a 24-year deal to deliver US liquefied natural gas (LNG) to Poland as signal for Europe on ensuring energy security and easing dependence on Russian supplies.
The deal, the second multi-decade agreement with a US firm signed in two months, comes as Warsaw looks to diversify its gas supplies in an effort to wean itself off its heavy reliance on Russia amid tensions with Moscow.
“This is a signal across Europe that this is how your energy future can be developed, the security of the country, the diversity of supply – this is a great day for Europe,” US energy secretary Rick Perry said at a signing ceremony in Warsaw with Polish President Andrzej Duda.
Poland, which currently sources about two-thirds of its gas from Kremlin-backed Russian energy giant Gazprom, is also eyeing imports from Norway and Qatar.
State-run gas firm PGNiG said it had sealed a two-tranche 24-year deal for LNG deliveries from the Texas-based Cheniere Marketing International, amounting to a total of 40.95 billion cubic meters of natural gas after regasification.
“This deal will provide Poland with energy security,” said Duda, adding that the agreement reflects “a real transatlantic partnership.”
The deal with the US firm is due to take effect in 2019, three years before Warsaw’s current contract with Gazprom for 10 billion cubic metres of natural gas per year is set to end.
The Cheniere deal will clearly involve shipments from Sabine Pass; mostly gas from Texas and Louisiana. But, that doesn’t mean Appalachian shale gas won’t be going across the big pond. The Department of Energy LNG export data through August shows Cove Point shipments, which only began in March went to Japan, the Middle East, Mexico, Central and South America and the United Kingdom. Moreover, Platts.com reports some of that Sabine Pass LNG will be inexpensive Marcellus Shale gas delivered via the new Atlantic Sunrise pipeline! Two more Louisiana export terminals are also underway that can move this gas to Poland and two more deals have been with subsidiaries of Venture Global LNG for these deliveries.
What all this means is that natural gas from Louisiana, Pennsylvania, Ohio and Texas is moving throughout the world to the benefit of US producers and, especially, rural US landowners. The future is bright; very bright, indeed. There’s no stopping natural gas now.
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The post US and Poland Ink 24-Year LNG Deal Securing Energy Security appeared first on Natural Gas Now.
https://www.shaledirectories.com/blog/us-and-poland-ink-24-year-lng-deal-securing-energy-security/
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