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    Radio Poland: LNG Terminal Deal Close?

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Summary

Reports from Poland say a deal could be close for a planned LNG terminal. However, the Polish side is refusing to pay extra payment constructor Saipem wants

by: Erica Mills

Posted in:

Press Notes

Radio Poland: LNG Terminal Deal Close?

A deal between the constructor of Poland’s LNG terminal in Świnoujście, north-western Poland, and the Polish investor is reported to be close.

The LNG terminal, which once open will allow Poland to import gas from countries such as Qatar, was initially meant to be operational by June 2014.

However this deadline was not achieved and the Italian construction firm in charge of the project, Saipem, asked for additional payment for completing the work. The investing company Polish LNG refused to make this payment.

“Poland will not pay a single złoty more for the construction of the LNG terminal in Świnoujście as a result of a deal that will be signed with the builder of the gas port, the Saipem company,” the inside source told the PAP news agency. 

Read the full article HERE.