ORLEN Signs Third Contract to Supply Naftogaz with Natural Gas

SEATTLE (Oil Monster): ORLEN SA said it has signed an agreement to supply Ukraine’s Naftogaz with 3.5 million cubic feet (100,000 cubic meters) of natural gas.

ORLEN said it plans to import liquefied natural gas (LNG) from the USA, regasify it at the Swinoujscie terminal, and then transport it through the Polish transmission system to the Ukrainian border.

The agreement marks the third contract under the two companies’ long-term collaboration framework, bringing the total contracted volume of US-sourced gas supplied to Ukraine to 300,000 cubic meters, the company said in a news release.

“The latest agreement with Naftogaz highlights ORLEN’s growing importance as a natural gas supplier in the region. Our partnership contributes significantly to strengthening Ukraine’s energy security through ORLEN's diversified gas supply portfolio and the efficient utilisation of Polish transmission infrastructure. We remain committed to further supporting Ukraine by ensuring access to stable and diversified gas sources,” Robert Soszynski, Vice President of the ORLEN Management Board for Operations, said.

“This supply further strengthens the energy partnership between our companies and supports the delivery of a reliable resource to Ukrainian consumers. As we prepare for the next heating season, such contracts remain a key element of our strategy to diversify supply and bolster the country’s energy resilience,” Roman Chumak, Acting Chairman of the Board at Naftogaz of Ukraine, said.

In March, ORLEN signed the second contract with Naftogaz for the additional supply of about 100 million cubic meters of natural gas.

Courtesy: www.rigzone.com