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Finance

Orlen’s LNG carrier marks first delivery in Świnoujście

Orlen’s first custom-built gas carrier, delivering 70,000 tonnes of liquified natural gas (LNG), arrived at the Polish Świnoujście terminal from the United States on Saturday (11 March).

By the end of 2025, the company plans to have eight LNG carriers at its disposal. This will significantly increase the efficiency of its transport and strengthen Orlen’s position in the global LNG market, the company said in its press release.

“The terminal in Świnoujście, whose creation was initiated by the late President Lech Kaczyński is a pillar of the strategy of diversifying natural gas supplies to Poland. Thanks to it and our consistent actions in the field of LNG imports, we can provide our customers with uninterrupted supplies of the blue fuel. This is of particular importance, especially during the ongoing energy crisis and the war beyond our eastern border,” said Daniel Obajtek, President of the Management Board of PKN ORLEN. “Securing LNG supplies is not only about contracts but also about the fleet. Having it at our sole disposal, we guarantee the stability of gas transport to Poland, but we also strengthen the company’s position in the global gas market. Our own fleet gives us great flexibility of operation.”

Orlen’s gas carrier is named after the former President of Poland Lech Kaczyński, who passed away during the Smoleńsk plane crash in 2010. Another custom-built gas carrier is expected to begin operations later this year, which is named after Grażyna Gęsicka, a former Regional Development Minister who also died during the Smoleńsk crash.

All units will be used to service both long-term contracts of the ORLEN Group for LNG deliveries from the United States, as well as loads purchased on the spot market.

The ORLEN Group will use gas carriers on the basis of long-term charter agreements signed with specialised shipping companies: Knutsen OAS Shipping and Maran Gas Maritime. According to the agreements, shipowners will be responsible for the crew and technical condition of the vessels. The charter period is 10 years with the possibility of extension.

Each of the units can transport around 70,000 tonnes of LNG, which is around 100 million cubic meters of natural gas. The size of the ordered ships ensures their universality, including the ability to receive and supply gas to terminals in which larger gas carriers are unable to enter, Orlen said.

Currently, LNG covers one-third of the annual natural gas demand in Poland.

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