Energy Weekly Publications #39 Floating Storage Regasification Unit (FSRU)

13 November 2023
One of the key investments supporting domestic energy and fuel security in the area of natural gas, implemented by OGP Gaz-System S.A., is the location of a floating storage and regasification unit – the FSRU terminal – in the Gdansk Bay. The planned investment will enable unloading of LNG, in-process storage, regasification and delivery of gaseous fuel to the domestic transmission network.

In the face of growing demand for natural gas and the current geopolitical situation in Europe, the FSRU terminal shall be an important complement to the onshore terminal in Swinoujscie. With the ability to import gas fuel from alternative directions, this investment should strengthen the operational security of the domestic and European economy.

The FSRU is actually a marine vessel that allows the transportation of significant volumes of liquefied natural gas (LNG-carrier), equipped with an additional regasification installation. Its primary role, however, is not to transport LNG. The moored vessel (connected to the domestic gas network) is to receive liquefied natural gas from other transport ships, and then carry out its regasification and injection into the transmission pipeline or loading onto smaller vessels.

Initially, OGP Gaz-System S.A. was planning to order as many as two vessels (FSRU-1 and FSRU-2), allowing a total of about 11 bcm of gas fuel to be regasified annually. The regasification capacity of the first terminal (about 6.1 bcm) has already been fully contracted. However, the Open Season procedure for the second terminal, conducted in recent weeks, failed to confirm sufficient interest from market players.

The investment in FSRU-1 is being carried out under the provisions of the Act of April 24, 2009 on Investments in the Liquefied Natural Gas Regasification Terminal in Swinoujscie.

A similar regasification unit has already been operating for almost 10 years at the port in Klaipeda, Lithuania.

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Marek Grzywacz, Ph.D., Counsel

Małgorzata Biszczanik, Intern