Poland Signs 20 Year Deal to Purchase U.S. Liquefied Natural Gas….

Economic security is national security… In July 2017 President Trump traveled to Poland to attend the Three Seas Initiative Summit, a gathering of countries bordering the Adriatic, Baltic and Black Sea (Poland, Austria, Croatia, Hungary, Czech Republic, Slovenia, Slovakia, Romania, Bulgaria, Lithuania, Estonia and Latvia).

The primary purpose of the visit was to discuss security initiatives including how to diminish Russian influence through a cooperative agreement over energy.  President Trump took the SME’s, and delivered a speech in Warsaw, Poland:

[…] “President Duda and I have just come from an incredibly successful meeting with the leaders participating in the Three Seas Initiative. To the citizens of this great region, America is eager to expand our partnership with you. We welcome stronger ties of trade and commerce as you grow your economies. And we are committed to securing your access to alternate sources of energy, so Poland and its neighbors are never again held hostage to a single supplier of energy.”

Well, today a massive multi-billion energy contract for the United States sale and Poland purchase of Liquefied Natural Gas (LNG) was announced.  While financial terms were not disclosed, the agreement is for the sale and purchase of approximately 2.7 billion cubic meters per year (after regasification) – enough natural gas to meet about 15 percent of Poland’s daily needs.  The contract is for 20 years of purchases.

SAN DIEGO, Dec. 19, 2018 /PRNewswire/ — Port Arthur LNG, LLC, a subsidiary of Sempra Energy (NYSE: SRE), and the Polish Oil & Gas Company (PGNiG) today announced they have entered into a definitive 20-year sale-and-purchase agreement for liquefied natural gas (LNG) from the Port Arthur LNG liquefaction-export facility under development in Jefferson County, Texas.

Today’s announcement is an important milestone as Sempra Energy pursues its long-term goal of exporting 45 million tonnes per annum (Mtpa) of North American LNG.

“This agreement marks an important step toward Poland’s energy independence and security,” said U.S. Secretary of Energy Rick Perry. “As demonstrated with the launch of the Strategic Dialogue on Energy in Poland last month, the Trump Administration remains committed to increasing energy diversity, advancing energy security, strengthening national security, and creating a future of prosperity and opportunity in Poland and throughout the region.”

“This agreement with PGNiG represents an important expansion of our portfolio of contracts for LNG exports and major step forward in the development of our Port Arthur LNG project,” said Jeffrey W. Martin, chairman and CEO of Sempra Energy.  “Last month, we began the commissioning phase of our Cameron LNG liquefaction-export facility in Louisiana. This agreement, along with the great progress on Cameron LNG, continue to validate our growth strategy as we advance our vision to become North America’s premier energy infrastructure company.”  (read more)

When I read this announcement, the first picture that came to my mind was a meme CTH shared well over a year ago while watching Commerce Secretary Wilbur Ross in the audience at Trump’s Warsaw speech:

CTH has now achieved master level meme prediction skillz.

 

 

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This entry was posted in Donald Trump, Economy, European Union, media bias, NATO, Poland, President Trump, Trade Deal, Uncategorized, US Treasury, USA. Bookmark the permalink.

126 Responses to Poland Signs 20 Year Deal to Purchase U.S. Liquefied Natural Gas….

  1. Donna in Oregon says:

    First Syria, now this.

    Russia got left holding the bag…..coal in Putin’s stocking this year.

    Liked by 24 people

  2. PoliTech says:

    Now there is a need for Fort Trump … to protect US national Interests.

    Liked by 11 people

  3. Not only has Sundance/ Conservative Tree House achieved Maximum Meme Mastery, but the rest of the articles and analysis found on these pages is second to none.

    Liked by 29 people

    • nimrodman says:

      Yeah, I love the Treehouse
      Makes me feel I’m hanging around with all the smart kids

      Liked by 24 people

    • Sunshine says:

      Like.

      Liked by 1 person

    • Newton Love says:

      From SD’s article:
      “CTH has now achieved master level meme prediction skillz.”

      SD is a (Jedi) meme master!

      Liked by 3 people

    • hdpman says:

      So for the last couple of days…. Trump has lied about shutting down the government over the border wall funding and agreed to a continuing resolution (we will see). The judge in the Flynn case seems to go off the rails (still don’t get this one), Mitch and Paul stab us in the back etc…. I came here for some other views and it makes me feel better. But don’t piss on me and tell me it’s raining. If PDJT does just kick the can down the road with funding and backs down, he has lost me. I just don’t think he is going to do that. But until I know, Its good to be here.

      Liked by 1 person

      • modsquad says:

        https://www.godlikeproductions.com/forum1/message3946166/pg1

        What is really going on With Gen Flynn and The Corrupt Deep State Judge who’s trying to Stop him.

        The deep state now knows this whole thing with Flynn was one big giant Trap that will allow Flynn to speak openly to Huber about shit from his Director of Military Intelligence days. The judge did everything in his power to try and signal ahead of time he was going to throw this case out. However Flynn needed to change his plea. Without Flynn changing his plea the judge can’t do anything. So then he is Forced to sentence him.

        That’s why the judge had a total meltdown when Flynn refused to change his plea. The judge went Nutso and lost it. Because now they can’t stop him and that’s why the Judge Panicked and delayed the sentencing.

        People need to read his plea agreement. It has the kill shot for the deep state in it. Trumps DOJ gave him this plea agreement after corrupt FBI made their recommendations.

        This is how the Trap got set and now you’ll see its the corrupt Judges trying to stop sentencing.

        It’s not Flynn
        It’s not the DOJ.

        Initial delays by the DOJ was a timing issue. They were waiting for the timing to be perfect for the swamp drain. Think getting Kavanaugh confirmed, Trump getting his other federal judges appointed, getting closer to his GITMO executive orders going into effect next month.

        So now the timings right and who Stopped it all dead in it’s tracks?

        DOJ try to delay today? No.
        Flynn try to delay today? No.
        The corrupt Judge working for the deep state. Bingo!!!!

        And this is what it’s all about, right out of Flynn’s Plea Deal…

        +Your client shall turn over to this Office, or other law enforcement authorities, or direct such law enforcement authorities to, any and all evidence of crimes about which your client is aware; all contraband and proceeds of such crimes; and all assets traceable

        [link to http://www.lawfareblog.com (secure)] 3rd Part Section 8

        Guess what. Whistle Blower protection does not protect Flynn from giving up what he knows to Huber because he was the fucking director of Military Intelligence. Whistle-blower protection doesn’t protect you from spilling classified info.

        This plea agreement does though and as soon as he’s sentenced that protection becomes binding and Iron clad. If Flynn changed his plea, the agreement becomes void and he can’t say shit to Huber and if he did he would be jailed and nothing admissible in Court.

        Liked by 1 person

  4. MaineCoon says:

    Pulled hte rug out from under Mitch, Paulie, Nancy and Chucky — 2x in one day! Syria, Poland while they try to get a CR passed….shut it all down, PREZ!

    Winning again! Love this President! Just love him!

    Liked by 16 people

  5. Landslide says:

    ZippadeeDUDA!!!! I hope to visit Poland in the next few years!

    Liked by 10 people

  6. LeslieK says:

    Thank you Heavenly Father for giving America, and the world, President Trump!

    Liked by 14 people

  7. Pristach says:

    Our “special” relationship should be extended to Poland, not the UK.

    Liked by 16 people

  8. TwoLaine says:

    NOT tired of WINING yet!!!!

    Liked by 2 people

  9. There’s NO WAY Trump can win in 2020, NONE! He’s finished… done I tell ya.

    Oh, and please pass me the Winnamins, I am super tired, not of, but from all this WINNING.

    LMA 😀

    Liked by 9 people

  10. Robert W says:

    CTH…. I love the Wilbur Ross pic….Lol fantastic

    Liked by 12 people

  11. President Trump never ceases to amaze me!

    MAG baby!!🎄🎄💕💕

    Liked by 4 people

  12. woohoowee says:

    Nope, still not tired of WINNING 🙂

    Liked by 7 people

  13. gingergal says:

    Great news, and Trump looks really handsome in that picture.

    Liked by 3 people

  14. Abster says:

    With every setback, there is a greater winning. President Trump never, ever gives up or in. We should all take a page from his play book. He’s not done! MAGA

    Liked by 3 people

  15. Landslide says:

    BTW, If you have not heard that speech in Warsaw, it was FANTASTIC! They adored him!

    Liked by 8 people

    • piper567 says:

      oh, Landslide, Thanks for posting this! GREAT to hear it again.
      I think this was such a significant speech…could not help but think of all the Nations watching it.
      The President aligned himself with peoples who truly share many of our values, and it was not just some pap ab shared values as the L foists upon us.
      He was genuine, and folks believed him.
      He made our Country’s willingness to be supportive of freedom perfectly clear.

      Liked by 2 people

    • WSB says:

      Wonderful! For the ages!

      Like

      • WSB says:

        I know Stephen Miller stays in the background and does not have the happy go lucky warrior personality that our President does, but I would love to have Stephen as PT’s next protege!

        Or, at least a senior assistant to the next President.

        Liked by 1 person

  16. Bone Fish says:

    How can it be cheaper for Poland to purchase natural gas pumped and transported from American gas fields than from Russian fields that are much closer, with pipelines that are already in place?

    Like

    • Sprawlie says:

      Depends how much value the Polish place on national sovereignty and independence from Russia. My guess is very highly.

      Liked by 5 people

    • Scott says:

      It’s not necessarily about price. It’s about a stable flow of energy that likely wont get interrupted by a hostile govt.

      But you can ask the same question why raw materials are mined here, sent overseas as raw ore, processed, made into some kind of widget, then combined with other widgets, and then sent back to the US us cheaper.

      Liked by 1 person

    • grlangworth says:

      Well, first off, we don’t have any political strings attached, the way that Russia packages its pipelines on condition. Beginning in 2007, Russia cut off Ukraine because payments were too slow, or something else also…

      Liked by 1 person

      • Michael Droy says:

        haha – you really think the US would cut off gas to Poland more slowly than Russia reduced pressure to Ukraine if Poland failed to pay? I think you believe the press on somethings more than you do on Trump.

        Like

        • grlangworth says:

          See, right now, there’s only one pipeline for gas to Europe through Ukraine.
          1. In January, 2009, eighteen European countries reported major drops in or complete cut-offs of their gas supplies transported through Ukraine from Russia, due to the payment dispute with Ukraine.
          2. In October 2009, Ukraine wanted to reduce the amount of gas it imports because of its economy’s downturn, and Russia’s GAZPROM refused to accept a contract modification.
          3. Russia plans to completely abandon gas supplies to Europe through Ukraine after 2018. Two additional pipelines, NORD STREAM and TURKISH STREAM are planned.
          4. Individual LNG deliveries pegged to a % of Brent Crude barrel prices provide more individual reliability and less collective risk. Russia gets competition and thus its political leverage is diminished.

          Liked by 3 people

    • thegoosefish says:

      Diversifying your suppliers. Pretty common business technique, just in case one tries to jack the price up.

      Liked by 1 person

  17. Shark24 says:

    This is a “start”. It is not static. God bless President Trump

    Liked by 1 person

  18. zorrorides says:

    Don’t let the carbon-taxers fool ya, folks. For humans the primary needs are food and water, shelter (roof-walls), and FUEL for heat, light, and power. America has these for us. Oil tankers are as simple as floating bathtubs of water across the ocean. Liquified natural gas has enough more complications that the price for over-the-oceans LNG is disconnected from the price of pipeline natural gas on the producing continent, but LNG is always more expensive.

    In the USA we will have a free market for cheap pipeline natural gas, plus a nice profit for the surplus sold as LNG. (This is good for TexOkie royalty owners, hooray!) It is important for the US and Poland that Poland has as much LNG as they want as opposed to having as much Russian pipeline gas as Russia decides to let Poland have. Germany is pondering this also.

    Liked by 5 people

    • zorrorides says:

      Fuel is always needed to produce (almost) anything, and then more fuel is needed to transport anything to you and the other users/consumers. Fuel is made out of carbon so never let them put on a ‘carbon tax’.

      Liked by 2 people

    • Nice work, Zorro!

      Congress will be DESPERATE and there’s not a damned thing they can do:
      • POTUS just CANCELLED their game plan to “tie Trump up in a Syrian QUAGMIRE”.
      • Next he IMPLEMENTED his strategy for Regional Defense OWNERSHIP.
      • Then he CREATED leverage for NATO to FUND American troops & bases in Europe.

      Liked by 3 people

      • zorrorides says:

        TY to BKR

        It’s entirely possible, and incompletely present for decades, for the 48 states to enjoy lower prices, for oil, natural gas and refined products, than the prices anywhere else in the world. Having our fuel prices lower than their fuel prices means we can do everything at a smaller cost than others – a huge economic advantage for global trade.

        Too-high taxes on our carbon fuel will ruin the advantage we enjoy now.

        Liked by 1 person

  19. thegoosefish says:

    All part of the negotiations, give and take, give and take. Who wants to be in Syria anyway, now that ISIS is neutered? Since the beginning of time it has been a cauldron. Lots of leverage to be obtained in Eastern Europe also. My feeling is Russia was playing both sides against the middle in the elections, but that the actual contact between Russians and party partisans was between Russians and Democrats, and this may very well come out after Mueller finishes his report. If he finishes it. The Democrats may have asked Kislyak to do a few things, such as infect Sessions with some election visits and later, set up Flynn, set up some meetings with some oligarchs to try to set up Trump, etc. etc. It’s all TOP SECRET redacted, classified stuff, right now, until they finish the YOU FIRST, MR. MUELLER protocol. But eventually he has to be done and in the meantime, there is negotiating to be done. The problem with dealing with Russians is these people that asked them to do things to hurt Trump are now compromised. Ukraine, Crimea, Poland, the Kirch Strait, these are all very fertile areas for conflict and negotiation and leverage. Syria too obviously. I could be wrong and the schemers evade any investigations, but there is still plenty of negotiating to be done in Eastern Europe, lots of leverage to be used. Everything will work out just fine.

    Liked by 2 people

  20. Michael Droy says:

    The gas deal was announced 2 months ago.
    It amounts to about $200mn a year – Poland uses little gas and a lot of coal.
    Also exporting gas to Poland has to be probably the most absurd idea ever. It is generated not by “energy security” but plummeting prices for oil & gas in US relative to Europe or elsewhere.

    Like

  21. thesavvyinvester says:

    Perhaps PDJT can negotiate LNG exports from Texas to a non friendly state that is hostile and hell bent on green energy and mired in nimbyism. France? No Massachusetts…

    Liked by 3 people

  22. thegoosefish says:

    Russia’s not using nuclear weapons and neither is anyone else. Sure, it’s a deterrent. to what, though? Selling propane?

    Liked by 1 person

  23. redline says:

    Just imagine the WINNING if we can turn out enough votes in 2020 to give him a strong House, and a stronger Senate.

    Liked by 4 people

  24. Deep State Slayer says:

    So Russia will just say fck’it we can not win so lets just end this thing we call Earth, and use their Nukes knowingly that we would retaliate and Life on Earth would be pretty much done, except for a few people on some small Island in the far far south sea. Got it, Nope never happen.

    Liked by 1 person

  25. bkrg2 says:

    dziękuję, panie Prezydencie !

    Liked by 2 people

  26. thLuckyOne says:

    Precious, Beloved Sundance and dearest Treepers: I just love you all. And I’m sitting here laughing at my own dumb-headed-ness (perfect dumb stupidity?) Why? Because it never OCCURRED to me – until reading today from The Last Refuge – that Poland – et al – might want to use energy supplies from USA to EXPAND their economies. DUH! LOL! Yes, EXPAND their economies.

    Wouldn’t it be just AMAZING to see those former Soviet Bloc nations having RIP ROARING economies to demonstrate their independence from both Russia AND Europe – AND to have their citizens enjoying true First-World Status with a growing and MIGHTY middle class (I mean, even more than now)? LOL! ROTFL! MERRY CHRISTMAS to ALL of the three-Seas people! Ho, ho, ho!

    Only Christ Jesus is our Savior. But Donald Trump is the RESCUER of patriotic and freedom-loving people ALL OVER THE WORLD! God Bless Us, EVERYONE!

    Liked by 2 people

  27. Ghost says:

    : thLuckyone
    For your viewing pleasure, read and enjoy. while waiting on the 4th quarter numbers take a brief look and the 3rd quarter final GDP numbers.

    1. Poland 5.7%
    2. Latvia 5.5%
    3. Hungary 5.0%
    4. Slovakia 4.5%
    5. Romania 4.1%
    6. Cyprus: 3.6 %
    7. Bulgaria 3.0%
    8. Lithuania 2.7%
    9. Austria 2.6%
    10. Spain 2.5%
    11.Netherlands 2.4%
    12.Czechia 2.3%
    13.Finland 2.3%
    14.Denmark 2.2%
    15.Portugal 2.1%
    16.Belgium 1.7%
    17.United Kingdom 1.5%
    18.France 1.5%
    19.Germany 1.2%
    20.Italy 0.8%

    Liked by 5 people

  28. Ghost says:

    Observations from a smaller limb.

    LNG export terminals coming on line or current expansion projects due for completion in 2019. measured in BCF/d

    Sabine Pass 4.2
    Cameron 3.5
    Corpus Christi 2.14
    Freeport 2.14
    Golden Pass 2.1
    Elba Island 1.3

    Additional projects approved and beginning development now for completion in 2019 or early 2020.

    Is it just me or have the quality of trolls drastically deteriorated in the last month ?

    Liked by 7 people

  29. Franklin says:

    ”The region of Kaliningrad, a Russian exclave squeezed in between Poland and Lithuania and without a land or maritime border with Russia, has been receiving natural gas supplies via the Minsk – Vilnius – Kaunas – Kaliningrad transit gas pipeline. Due to the region’s location, Russia’s gas giant Gazprom has been building the Kaliningrad LNG import, storage, and regasification terminal. LNG regasification will be carried out with a floating LNG unit (FLNG), according to Gazprom’s plans.”

    https://www.rt.com/business/445419-russia-first-lng-terminal/

    ”Over the weekend, news broke that Qatar is now aiming to invest billions in the North American energy patch, including a new deal with Italian energy company Eni for three oil fields in Mexico, as well as making an investment decision by the end of the year or January on the Goldan Pass LNG project proposal in Texas. State-run Qatar Petroleum is the majority owner of the Golden Pass LNG terminal, while U.S. oil major Exxon Mobil and U.S.-based independent oil company ConocoPhillips hold smaller stakes”
    https://oilprice.com/Energy/Crude-Oil/Tiny-Qatar-Flexes-Its-Muscles-With-Oil-And-Gas-Investment-Push.html

    Like

  30. Donna in Oregon says:

    When the subject is Russia, sometimes when I read some posts–I swear they read like Boris and Natasha.

    Capitalists understand competition is healthy…

    From the very beginning POTUS was with the Polish people.

    God bless President Duda. God bless Poland.

    God bless President Trump. God bless America.

    Liked by 1 person

  31. TreeClimber says:

    Just wanna point out, I predicted this earlier… ;P

    Like

  32. While we are talking energy, a couple of interesting points in the Texas news here this week.

    Port of Houston is experiencing tremendous growth, so much so that there is conflict between regular shippers and the mammoth huge container shippers. Container ships are so big that they pose logistical issues for smaller freight ships. It appears that a compromise will be reached, limiting the largest container ships to 1X week.

    I could not help but remember that back in October, when POTUS had the rally in Houston, he was told that the Port of Houston needed additional dredging to accommodate the very large ships. The next day at a separate event, he turned to the head of the Army Corps of Engineers and asked him to expedite the required dredging. Conclusion is that this happened, hence the demand from the biggest ships. Gotta love POTUS and how he GETS THINGS DONE (esp. when it is below the radar of inept Congress).

    Will report more on this as I hear it.

    Liked by 2 people

  33. spoogels says:

    I bet Donald Tusk a Polish pro EU functionary is FUMING

    Liked by 1 person

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