UNIMOT GAZ WILL LAUNCH ANOTHER LNG STATION

Date of publication: 13.08.14

According to the announcement, Unimot Gaz started another construction of the LNG station along with its infrastructure. First entities will be added to the network in the near future.

In recent days SPV of Unimot Gaz, launched financing of the project in the form of investment and revolving loans which is located in one of the communes in Podlaskie voivodeship. Financing is associated with obtaining a permit for the construction of a LNG station and the accompanying gas network, along with the necessary infrastructure and commissioning of the construction process.

– According to the information from May, in order to supply public institutions, legal entities and retail customers located in one of the communes in Podlaskie voivodeship with the liquid gas fuels Unimot gaz made an SPV acquisition – said Bogusław Satława, President of the Board Unimot Gaz. – As part of the preparatory work for the implementation of the investment, SPV acquired necessary permits, including building permit which allowed funding to run the project.

According to the schedule, in the first stage the Company provides start-up of LNG station along with infrastructure and connecting the first entities such as industrial customers from the construction and road industry and public customers. In the second stage of the project is the construction of approximately 6 km of medium pressure gas network, which will enable to connect new customers with already signed letters of intent. Thanks to this operations, there will be possible to realize the sales profit in amount of 0.8 million m3, which is approximately 9 GWh per annum.
Launching of the whole investment will be finished between end of this year and at the beginning of the next year

– Positive development plan allows us patiently look to the future and search for another areas not yet supplied with gas , as compared to results from precious year, this year plan will increase dynamic sales of the Group for LNG – added Boguslaw Satława

In relation with mentioned plans, very important for UNIMOT GAZ Group is investment in own unique installation of LNG station. According to the schedule, the first condensations are planned for September and full production capacity and completion of the investment process will be reached at end of the current year . Our own source of supply of liquefied gas will allow the Company to become independent of business fluctuations on the world markets, increase Gas supplies reliability, as well as to reduce the risks associated with geopolitical situation.