Qatar, Poland sign 20-year LNG contract

Qatar Liquefied Gas Co. III (Qatargas) has signed a 20-year agreement to sell Poland 1 million tonnes/year of LNG.

Eric Watkins
OGJ Oil Diplomacy Editor

LOS ANGELES, June 30 -- Qatar Liquefied Gas Co. III (Qatargas) has signed a 20-year agreement to sell Poland 1 million tonnes/year of LNG.

Poland’s Treasury Ministry said value of the contract is about $550 million/year.

Poland will receive the LNG at a terminal under construction at Swinoujscie, scheduled for completion in 2015.

Qatargas expects its LNG production to rise to 42 million tonnes/year by the end of the decade from 10 million tonnes/year in 2008.

Contact Eric Watkins at hippalus@yahoo.com.

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