PGNiG LNG imports, gas sales up in Q1

Poland’s state-owned gas company PGNiG saw imported LNG volumes rise 31 percent during the first quarter of 2018 from the volumes imported during Q1 in 2017. 

PGNiG said in its statement on Wednesday the volumes of regasified LNG reached 0.51 billion cubic meters.

During the first three months of 2018, PGNiG received four LNG cargoes at the President Lech Kaczyński Terminal in Świnoujście as the supplemental deal for the supply of liquefied gas signed with Qatargas in 2017 came into force, doubling the volumes of gas received by the group from that source.

Overall, the company’s natural gas imports rose 19 percent to 3.84 billion cubic meters on the back of the strong sales.

The first-quarter natural gas sales rose by 13 percent up to 1.13 billion cubic meters with the company reaching a daily supply record achieving 80.4 million cubic meters. On average, the daily supply during the quarter was at 62.5 million cubic meters.

The group achieved further geographical diversification of its supply sources. While in Q1 2017 gas sourced east of Poland represented 84 percent of total gas imports, its share fell to 78 percent in Q1 2018.