WARSAW: Poland’s proposed liquefied natural gas (LNG) terminal will be delayed by six months because of financial problems plaguing its builders and is now expected to be completed by the end of 2014, the treasury ministry said yesterday.
Poland hopes that LNG together with shale gas will help the nation become less dependent on gas imports from Russia, where the former Soviet satellite state receives most of its supplies.
“The key reason for the delays to date has been the crisis in the construction services market in 2012,” the treasury ministry said in a statement.
Treasury Minister Wlodzimierz Karpinski said sticking to an unrealistic schedule would be more costly and riskier than accepting a delay. The treasury minister is overseeing the project. “This will enable us to take care in time of all issues related to the investment,” he said in the statement.
Reuters
