Poland's LNG Terminal - Unfinished Agenda for Saipem

Maritime Activity Reports, Inc.

March 30, 2015

Polish LNG terminal 87 percent complete: (Photo: Embassy of the Republic of Poland in Stockholm)

Polish LNG terminal 87 percent complete: (Photo: Embassy of the Republic of Poland in Stockholm)

 Poland's liquefied natural gas (LNG) terminal at the Baltic port of Świnoujście will be completed only if Italian firm Saipem receives further payment, reports Reuters.

 
The terminal, under construction by a consortium including Italy's Saipem, is a key element of Poland's strategy to diversify energy sources for the country that now heavily relies on Russian supplies of gas and oil.
 
Saipem's spokeswoman Camilla Palladino said that the LNG terminal will be ready to take the first loads in the summer, assuming that the consortium receives appropriate support from Polskie LNG and that financing of the terminal's full operations in the following months will be provided.
 
Polskie LNG, which is owned by Poland's gas grid Gaz-System and is responsible for the investment, declined to comment.
 
Few days ago, Poland's Deputy Prime Minister said the terminal should be ready in July this year, despite fears of further delays.
 
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