UPDATED 7:31 AM PT — Fri. Nov. 9, 2019
Poland has struck a deal to purchase long-term supplies of liquefied natural gas (LNG) from the U.S.
On Thursday, Poland’s state-owned utility company announced the agreement with Cheniere Energy at a ceremony hosted by the Polish president and U.S. Energy Secretary Rick Perry.
Under the agreement, Poland will purchase almost 30 million metric-tons of U.S. natural gas over the next 24-years.
This marks another major success for President Trump’s agenda of reducing the European Union’s reliance on Russian energy.
Secretary Perry said the deal will reduce energy costs in Poland and support economic growth across Europe.
“The diversity of an energy supply is tantamount to the strength of the Polish economy,” Perry stated. “This is a signal across Europe that this is how your energy future can be developed, the security of your country, the diversity of supply — it’s a great day for Europe.”
Polish officials said the deal will further deepen the economic and security cooperation between Poland and the U.S.