Polish LNG terminal operator, Polskie LNG inked a memorandum of understanding with the University of Western Australia on the exchange of LNG know-how and technology.
Under the agreement Polskie LNG will work in partnership with the ARC Training Centre for LNG Futures at UWA, the company’s statement reads.
“We are hoping for a yet more intensive and systematic corporation in the LNG area, one bringing forth innovation in technology transfer and consequently leading to us implementing the most efficient and cutting-edge technological solutions in the expansion of the LNG Terminal in Świnoujście now taking place,” said Paweł Jakubowski, CEO of Polskie LNG.
The agreement establishes regular cooperation between the parties, enabling partnership in the area of technology development for the LNG market, science and innovation.
One of the upcoming activities planned is a meeting to be organized in Poland between academic staff representing the University of Western Australia and research centers of the Western Pomerania, including those from Szczecin and Świnoujście.
The transfer of the Australian know-how into Poland may have a positive impact on the investment activities of Polskie LNG, the company said in a statement.
In 2018, the company embarked on the extension of the LNG terminal in Świnoujście, as a result of which its regasification capacity will increase from 5 billion cubic meters to 7.4 bcm annually, which will be close to half of Poland’s yearly demand for gas.
The terminal will also have new facilities such as the third storage tank, the region’s first siding for rail transport of LNG and an additional jetty for smaller vessels. The expansion program is expected to be finalized in the coming 4-5 years, the company said.
Currently, the necessary administrative decisions for respective expansion elements are being sought and tendering procedures to select key contractors are being held.
“The LNG market in Poland, in the region and worldwide keeps developing and our terminal, after the extension, stands a chance of playing a major role in this process,” Jakubowski concluded.