Cheap Gas from USA?

Made in USA

Made in USA

Importing Liquefied Natural Gas (LNG) from the USA to Poland may become possible no later than in three to four years. If the agreement between the Polish Oil and Gas Company (PGNiG) and the United States comes into effect, Poland will become the first recipient of American LNG. This will improve Polish energy security and also allow Poland to benefit from lower gas prices, as a result of the ‘shale gas revolution’ in the USA. The import of LNG from the United States will make Poland less dependent on Russia, which is Poland’s main gas supplier at present. According to Janusz Steinhoff, former Minister of Economy, purchasing natural gas from the United States will also improve Poland’s negotiating position with regard to gas prices. ”We will simply buy gas from those who offer it at a lower price,” he says. As a result of the shale gas revolution and the isolation of the American market, the prices of natural gas are considerably lower in the USA than in Europe. Generally speaking, the contract between Poland and America may be a great step towards the diversification of Polish gas supplies.

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