UGS Energy signed a 5-year contract for LNG with Centrica
Gdańsk, Poland, 05 September 2017
The UGS Energy SA has signed a five-year contract for LNG supply sourced from Sabine Pass LNG Terminal, USA, with Centrica LNG Company Limited (Centrica).
The contract, signed with Centrica, is on a DES delivery basis and will begin in 2018. Up to 9 cargoes will be delivered during the term of contract to the President Lech Kaczyński LNG Terminal in Świnoujście, where UGS Energy recently booked additional regasification capacity. The primary source of LNG delivered under this contract shall be the North American natural gas liquefaction terminal located at Sabine Pass, Louisiana.
The agreement follows through on UGS Energy’s strategy of securing reliable and diversified gas supplies for Poland and its growing trading capability in the European market. It is also the first mid-term contract for LNG from the USA in Central and Eastern Europe. In October this year, UGS Energy also took part in a binding Open Season procedure for capacity bookings from the planned 10 bcm/y pipeline corridor (Baltic Pipe), which will connect the Norwegian Continental Shelf with Poland in 2022.