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PGNiG and Venture Global LNG sign purchase agreement

Following the visit of Poland's President, Andrzej Duda to Washington D.C., the Polish Oil and Gas Company signed an agreement with Venture Global LNG to buy additional 1.5 million tonnes per annum (MTPA) of liquefied natural gas (LNG). The volume of LNG coming from the Plaquemines terminal will increase from 1.0 to 2.5 million tonnes per year, and specifically from 1.35 to 3.38 bcm of natural gas after regasification. 

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PCC Intermodal boosts railway connections from Rotterdam to Poland

The port of Rotterdam is well connected with the globe, being boosted by its rail sector; As such, PCC Intermodal train links Rotterdam and terminals in Frankfurt Oder, Kutno, Brzeg Dolny, Gliwice, Kolbuszowa and Poznań. The latter five cities are distributed across industrial areas in Poland. Thus, from April the train increased the frequency of this connection from seven to eight times a week.

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PSA, PFR , IFM Investors acquire largest Polish container terminal

On 21 May 2019, after formal approval by the relevant competition authorities, PSA International, the Polish Development Fund and the IFM Global Infrastructure Fund, have completed the transaction to jointly acquire DCT Gdańsk, the largest container terminal in Poland. The consortium partners aim to further enhance the terminal's position and to look into more expansion needs as and when relevant.

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Polish LNG terminal receives more financing to expand

Approximately €128 million from the European Regional Development Fund is invested in extending the Świnoujście LNG terminal. The current investment adds to over €250 million invested by the EU in the LNG terminal and to more than €2 billion in Polish energy infrastructure since 2007. The LNG regasification terminal in Świnoujście is the biggest LNG facility in Northern Europe and in the Central and Eastern Europe.

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