LNG macro analysis, page-1581

4000th tank truck loaded with LNG at Swionujscie terminal

PGNiG has released a statement claiming that the 4000^th tank truck loaded with LNG has successfully left the Swionujscie terminal.

PGNiG claims that it has strengthened its position in the small scale LNG market, with almost 18% more liquefied gas dispatched by the company from the terminal last year compared to in 2017.

According to the statement, the vast majority of LNG imported by PGNiG to Poland is regasified in the Swinoujscie terminal and then transferred into the gas network. Nonetheless, the volume of LNG delivered to end-users is increasing. Using LNG, natural gas can be supplied to customers with no access to the countrywide network of pipelines.

In 2018, 1794 LNG tank trucks filled with LNG left the Swinoujscie terminal. This is compared to just 1523 in the previous year. Since mid-2016, when operations officially commenced at the LNG terminal, a total of 4000 tank trucks have been loaded with LNG by PGNiG.

PGNiG claims that the majority of the LNG it sells comes from the Swinoujscie terminal, where it is delivered by ships from Qatar, Norway and the US. According to the statement, the other source of supply of the Polish small scale LNG market is the company’s own liquefaction facilities in Odolanów and Grodzisk Wielkopolski. According to the estimates, PGNiG holds an almost 70% share in the Polish small scale LNG market. The remaining part of the market is supplied by other entities importing this fuel by tank trucks.

Maciej Wozniak, Vice President of the PGNIG SA Management Board for Trade, said:

“Growing sales of LNG are a consequence of the growing share of LNG in PGNiG’s import portfolio. The primary cause, however, is a rapid increase in demand for natural gas in liquefied form.

“Our customers appreciate the highest quality and security of deliveries of the product offered by PGNiG.”


Polskie LNG obtains permits for LNG terminal expansion program

Polskie LNG has obtained a set of environmental and location decisions for all projects implemented under its LNG terminal expansion program.

The environmental permits are final, while the decisions issued by the Governor of West Pomerania are immediately enforceable (which stems directly from the provisions of the Special Act on the LNG terminal).

The expansion program of the President Lech Kaczynski LNG terminal is being implemented as scheduled.

“The environmental decision and location permit are of fundamental importance for subsequent phases of collating pivotal project documentation such as building permits required for the investment process”, said Pawel Jakubowski, President of the Management Board of Polskie LNG.

“Enhanced regasification capacity, additional functionality and services are offered in response to the growing market demand for natural gas in Central and Eastern Europe and in the entire Baltic Sea region.

Polish LNG Terminal will become a key facility contributing to the development of LNG market not only locally, but also in neighbouring countries.

“This is our contribution to the global transformation towards low-carbon economy. The best evidence for such changes is the growing number of methane carriers calling at Swinoujscie port year by year. On 27 January, the 50^th LNG delivery is expected. We are very happy and satisfied”, Pawel Jakubowski added.


Small scale LNG powering European initiatives to build greener fuel economy

Energias Market Research has released a report regarding the prospects of the European small scale LNG market.

According to Energias, the demand in the European small scale LNG market is projected to grow from €1.90 billion in 2020 to €5.81 billion by 2030, while actuating at an estimated CAGR of 11.8% from 2020 to 2030. Europe is likely to experience faster growth as compared to other regions in the global market owing to the mandate set by European Union on sulfur emissions. For instance, the sulfur emissions cap for marine fuel is set as 0.5% by the year 2020.

Favourable prices of LNG along with growing demand from key sectors, such as transportation and power generation, are projected to augment market demand over the forecast period. Also, various government regulations in light of environmental benefits of LNG have fostered the market growth in the region.

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