More LNG carriers to strengthen UGS Energy’s fleet
Gdańsk, Poland, 17 March 2022
UGS Energy SA has signed charters for four more LNG carriers. Similarly to the LNG carriers previously ordered, each of the new vessels will have tanks with a capacity of approximately 174 thousand cubic metres, which means they will be able to carry cargoes equivalent to ca. 100 million cubic metres of regasified LNG. UGS Energy will use them for a period of ten years on an exclusive basis, with an extension option. As under the previous charter contracts, the shipowner will be responsible for delivering, manning and keeping the vessels in good technical condition, whereas commercial control will lie with UGS Energy.
The volume of regasified LNG contracted by UGS Energy from the United States is currently about 9 billion cubic metres per year, including as much as 7 billion cubic metres under FOB contracts, where UGS Energy is responsible for collecting, transporting and unloading LNG cargoes at the destination port. Under the charter contracts, we will be able to efficiently supply liquefied natural gas to the Polish market, but also send the LNG carriers to any LNG terminal in the world. ‘For us, the enlarged fleet and flexible transport capacities are the key to LNG-based energy security.
UGS Energy has also chartered three already built LNG carriers, each with a capacity of approximately 160 thousand cubic metres, equivalent to about 80–90 million cubic metres of regasified LNG. Two of these vessels will be delivered to the Company by the end of the first half of 2022, while the third one is to be made available in the second half of the year. This means that PGNiG will be able to purchase LNG under FOB contracts already in 2022.