Naftogaz and ORLEN agreed to supply 100 million cubic meters of LNG as part of broad cooperation in this area

The Naftogaz Group and the Polish oil company ORLEN signed a memorandum on long-term partnership in the field of liquefied natural gas (LNG), within the framework of which a contract was concluded for the supply of 100 million cubic meters of this fuel.

“In accordance with the memorandum of cooperation, Naftogaz and ORLEN signed an agreement for the supply of 100 million cubic meters of gas. The fuel will come from a batch of liquefied natural gas that will be delivered to the terminal in Klaipeda (Lithuania). The gas will then be transported via the GIPL gas pipeline connecting Lithuania and Poland, and further through Poland to the interconnector on the border with Ukraine in Drozdovichi, where it will be received by Naftogaz,” the Naftogaz group website said on Friday.

As for the memorandum as a whole, signed by the head of the Naftogaz group Roman Chumak and the vice-president of ORLEN Robert Soszynski, as noted in the report, it initiates long-term strategic cooperation between the companies and will allow Ukraine to create a more diversified gas supply system.

“Ukraine has a powerful gas transportation system and the largest underground gas storage facilities in Europe, which creates unique opportunities for the development of the LNG market. Cooperation with ORLEN opens new horizons for strengthening energy security, diversifying supplies and integrating Ukraine into the European gas market,” Chumak emphasized.

According to Robert Soszyński, the memorandum between ORLEN and Naftogaz serves as a basis for long-term and mutually beneficial cooperation in the important area of energy supplies.

“Our relations will be built on commercial terms, but the presence of an additional source of gas is vital for Ukraine in terms of its security. It is thanks to diversification that ORLEN ensures stable gas supplies to Polish consumers and can become a reliable partner for foreign counterparties,” he noted.