San Diego-based Sempra Energy announced Wednesday that it has entered into a 20-year agreement to sell liquefied natural gas from its Port Arthur liquefaction-export facility to the Polish Oil & Gas Company.
The agreement will supply the Polish company with 2.7 billion cubic meters per year of liquefied natural gas from the Port Arthur facility currently under development in Jefferson County, Texas, according to the company.
“This agreement marks an important step toward Poland’s energy independence and security,” U.S. Secretary of Energy Rick Perry said in a statement. “As demonstrated with the launch of the Strategic Dialogue on Energy in Poland last month, the Trump administration remains committed to increasing energy diversity, advancing energy security, strengthening national security, and creating a future of prosperity and opportunity in Poland and throughout the region.”
Reuters reported that the deal comes as the European Union is looking to reduce its reliance on Russia for its gas needs by developing a liquefied natural gas infrastructure.
Financial terms of the Sempra deal were not disclosed, but the agreement will supply Polish Oil & Gas Company with enough natural gas to meet about 15 percent of Poland’s daily needs, according to the company.
The Polish company will be responsible for shipping the liquefied natural gas from the Port Arthur facility to domestic customers in Poland or to customers on the global market, once operations begin.
The Port Arthur facility is scheduled to receive its final environmental impact statement from the Federal Energy Regulatory Commission in January.
–City News Service