"Spot" LNG in Świnouian gas supply

On 25 June, the Świnoujście LNG terminal handled the 3rd delivery of liquefied natural gas this month.

SPOT (Single Payment Option Trading), i.e. the short-term purchase contract, sometimes even already en route to the potential recipient region, is also used in the LNG market. In each spot transaction, the main reason for its conclusion is price. It is always the most attractive at the time of the transaction.

For gas contracts they do not last a manual day and a half (as is the case in foreign exchange markets) but not more than one and a half months. Each time the price for such contracts can be expressed in multiple ways. One possibility is to specify the price per volume expressed in a given currency. However, this creates certain risks associated with the time of delivery of fuel.

Such transactions may be a way to reduce the average price of the "basket" purchased gas, as they allow for the purchase of intervention during the price reduction. They are also in part an alternative/filling of forward transactions provided that they have the capacity to store excess gas.

Contrary to popular opinion, contracts of this type are a very important part of the total supply to Poland carried out by PGNiG by sea. For 131 deliveries from the beginning of the gas port until 37 That's what they were. type transactione. This gives as much as 28% of the total terminal calls.

This type of supply includes the last delivered on 25 June, when a methane tanker rolled into port GasLog Windsor,who delivered approximately 165 000 m3 LNG which corresponds approximately 75 000 LNG tonnes or after regasification 95 million m3 natural gas.

GasLog Windsor was built in 2020 through Samsung Heavy Industries shipyard. He wears the Bermuda flag and his home port is Hamilton. Its dimensions are: length 297 m, width 47 m., dive 12 m.Maximum tank capacity is 180 000 m3 LNG. The vessel's registered capacity is 120 709 units, and its load capacity is 92 764 DWT. GasLog Windsor has a maximum speed of 20 Node and march 15 knots. This vessel should for a series of 6 units ordered in Korea by Greek shipowner GasLog Ltd.

The company currently owns 19 Methanes o a capacity of 145,000-180,000 m3 LNG. In addition, through subsidiaries, it controls another 15 units with a capacity of 145 000-174,000 m3 LNG. Gaslog Windsor is the 4th ship in a series of 6 units ordered in Korea, and started by Gaslog Warsaw, also being in the past "guest" in the Polish port. The next two ships of this type are to be delivered by the end of this year. The price of a methane tanker of this type was around USD 190 million.

The vessel shall have two screwsed systemdriveusing two engines Worthsila HSD Engine 5X72DF, dual-fuel (i.e. able to work on oil driveor obtained from an expanded hold LNG, free-running, 5-cylinder, with an MCR power of 12,084 kW (16,429 hp) each (at 74 rpm). Unit equippeda is in the GTT load tanks of the Mark III Flex Plus system providing abig load evaporation factorapproximately 0,07 %.

GasLog Windsor brought his cargo, as did the previous three ships of this shipowner in the past, from the United States, but this time the port of loading was not a terminal from above Sabine Pass in Louisiana, a terminal Cove Pointin Maryland, over Chesapeake Bay.

Signature: Tmas Witkiewicz