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Tuesday, 14 March 2017

UPDATE 1-Qatargas agrees to double LNG supplies to Poland | Reuters

UPDATE 1-Qatargas agrees to double LNG supplies to Poland | Reuters:

"State-owned Qatargas has agreed to double volumes of liquefied natural gas (LNG) it supplies to Poland's gas firm PGNiG to 2 million tonnes per year at a price that may have positive impact on PGNiG's bottom line, the companies said. The agreement comes as Poland is struggling to reduce its reliance on supplies of Russian gas, while a deepening global gas glut offers opportunities to bring in cheap LNG from Qatar and elsewhere. For Qatar, which faces competition from Australian and U.S. producers, supply deals into Europe offer a valuable option as Asia's gas-consuming economies rein in new deals in light of a growing supply overhang."



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