ORLEN Group strengthens safety of LNG provides to Poland

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As early as subsequent 12 months, ORLEN Group could have for its unique use two custom-built LNG carriers. By the tip of 2025, the variety of such gasoline carriers will improve to eight. Having its personal fleet of LNG vessels, the ORLEN Group will be capable to effectively handle shipments to Poland and strengthen its place on the worldwide LNG market.

A naming ceremony was held in Ulsan, South Korea, for 2 LNG vessels ordered by PGNiG Provide & Buying and selling, an ORLEN Group firm specialising in LNG buying and selling.

The primary ship was named Lech Kaczynski, and the second Grazyna Gesicka. It is a symbolic gesture of remembrance to the late Professor Lech Kaczynski, President of the Republic of Poland, and the late Grazyna Gesicka, Minister of Regional Improvement, for his or her dedication to Poland’s vitality independence and the nation’s financial growth.

“For vitality safety of Poland, it’s essential to diversify the availability of oil and pure gasoline – the latter we already import 100% from outdoors Russia. That is the results of a constantly applied LNG imports technique. The shipments of LNG already cowl 30% of our nation’s demand. LNG provides are secured not solely via contracts, but in addition by growing our personal fleet. Customized-built vessels for our unique use assure the soundness of transport and strengthen the corporate’s place on the worldwide LNG market,” mentioned Daniel Obajtek, CEO of PKN ORLEN.

Each vessels had been constructed by Hyundai Heavy Industries – a frontrunner of the worldwide shipbuilding business. The development of every ship took roughly 18 months. They’re essentially the most trendy vessels of their sort on this planet.

The ORLEN Group will use the ships beneath a long-term constitution cope with Knutsen OAS Transport of Norway, specialising within the upkeep and business operation of LNG tankers. Beneath the contract, the shipowner can be chargeable for manning the chartered vessels and preserving them in good technical situation, whereas PGNiG Provide & Buying and selling could have full business management over their operation.

“Knutsen OAS Transport may be very happy to have established a long-term relationship with PGNiG Provide and Buying and selling. These protected, dependable, and state-of-the-art environmentally pleasant LNG carriers will assist them to reach their LNG enterprise,” acknowledged Mr Trygve Seglem, the Proprietor of Knutsen Group.

The time period of the constitution is 10 years with an extension choice. Every vessel can carry a cargo of roughly 70 000 t of LNG, equal to roughly 100 mcm of regasified pure gasoline. That quantity is equal to the annualised common weekly consumption by all Polish households. This measurement of the ordered vessels will make them versatile and able to loading and unloading gasoline additionally at ports that can’t be entered by the most important LNG carriers. The primary two ships of the ORLEN Group’s fleet had been constructed utilizing cutting-edge engineering options to enhance the economics of LNG transport. Considered one of their options is a really low charge of boil-off losses. What’s extra, boil-off gasoline will be reverted to liquid state because of onboard reliquefaction programs. The vessels’ engines can run on each diesel oil and pure gasoline, which can guarantee their compliance with environmental requirements for maritime transport properly into the long run.

Lech Kaczynski has already undergone sea trials and can enter service beneath the ORLEN colors early subsequent 12 months, whereas Grazyna Gesicka will ship its first LNG cargo 2H23. The vessels can be used to ship LNG bought beneath each long-term contracts and spot contracts on the free-on-board foundation, the place the client assumes responsibly for accumulating and transport the products.

Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/16122022/orlen-group-strengthens-security-of-lng-supplies-to-poland/



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