Pakistan LNG demand could triple in coming years According to...

Pakistan LNG demand could triple in coming years

According to Reuters, the Chief Executive of Pakistan LNG has stated that Pakistan’s LNG demand could more than triple within the next three to five years.

LNG demand could triple over next 3-5 years

Pakistan’s demand for liquefied natural gas (LNG) could more than triple in the next three to five years, the chief executive of Pakistan LNG said on Wednesday.

Last year, Pakistan imported nearly 7 million tonnes of LNG, data from Refinitiv Eikon shows. This year, that could grow to as high as 15 million tonnes and up to 25 to 30 million tonnes over the next three to five years, said Adnan Gilani, managing director and chief executive of Pakistan LNG.

Pakistan LNG is a state-owned company that buys LNG from the international market to supply to the domestic market.

Both of the country’s existing LNG terminals are currently nearly fully utilised.

Another two are expected to announce a final investment decision this year.

Pakistan’s two import terminals have a regas capacity of 1.2 billion to 1.3 billion cubic feet of gas per day, or about 9 million to 10 million tonnes of LNG a year, according to Gilani’s presentation at the LNGA 2019 conference in Singapore.

Pakistan is expected to negotiate a few more long-term contracts to import LNG into the country, Gilani said.

Pakistan is facing a serious energy crisis with repeated blackouts and gas supply outages that led to the sacking of the heads of two of its main gas distribution utilities in January.

https://af.reuters.com/article/commoditiesNews/idAFL3N20R2NO


LNG key to energy supply diversity in Poland

According to Reuters, PGNIG, Poland’s largest gas company, has increased its purchases of LNG spot cargoes as it strives to diversify its gas imports.

Poland's PGNiG speeds pace of LNG purchases as it diversifies imports

Poland’s dominant gas company PGNiG has stepped up the pace of its spot purchase of liquefied natural gas (LNG) as it works to diversify its gas imports, a senior company official said on Thursday.

The company has bought four spot cargoes so far this year, compared with five cargoes for all of last year, said Maciej Wozniak, vice president of trade at PGNiG.

The spot purchase, as well as short and mid-term LNG trading, are handled by its London office, which started operations at the start of 2017, he said at the LNGA 2019 conference in Singapore.

The company’s overall LNG imports are expected to rise to about 8 million tonnes in 2023, from less than 3 million tonnes this year, Wozniak said.

“After 2022, we’re going to change completely the direction of supplies into more of a diversified portfolio,” he said.

State-run PGNiG currently imports most of the gas it sells to its customers from Russia’s Gazprom, but it has taken steps to reduce that reliance by buying more LNG from Qatar, the United States and Norway.

Poland, which generates electricity mostly from ageing coal-fired power stations, faces the risk of power shortages when temperatures hit extreme levels as increased demand overloads the national system.

www.lngindustry.com/liquid-natural-gas/11032019/lng-key-to-energy-supply-diversity-in-poland/