Poland considers capacity boost for floating gas facility

Kitco Media
By Reuters
Published:
Updated:
Reuters
WARSAW, March 6 (Reuters) - Poland's state-owned gas pipeline operator is gauging market interest in additional capacity at its planned floating storage and regasification unit (FSRU) because of growing demand for supplies of liquefied natural gas (LNG). The planned FSRU to be situated on the Baltic Sea near Gdansk in 2026 is currently slated to have regasification capacity of 6.1 billion cubic metres (bcm) of gas a year. The nation already has an LNG terminal with capacity 6.2 bcm. "The geopolitical situation and a halt in Russian gas supplies to the European Union have increased interest in stable and secure gas supplies, including via LNG terminals," Marcin Chludzinski, Chief Executive of pipeline company Gaz-System, said in a statement on Monday. "Given these signals we decided to check market interest in enabling additional supplies via FSRU in Gdansk."


The additional capacity could amount to as much as 4.5 bcm, Gaz-System said, adding that a final decision will depend on the level of interest from market participants.


Poland last year said it could build a second floating FSRU next to the planned installation because of interest from the Czech Republic and Slovakia.


(Reporting by Marek Strzelecki Editing by David Goodman)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.