Cheniere ships shale gas to Poland, its first to eastern Europe

|About: Cheniere Energy, Inc (LNG)|By:, SA News Editor

The U.S. is set to ship its first shale gas to an eastern European member of the former Soviet bloc, as Poland’s state-owned PGNiG bought a spot liquefied natural gas cargo from Cheniere Energy’s (LNG -0.7%) Sabine Pass plant for delivery to the country’s Baltic Sea import terminal.

Poland may offer a new outlet for Cheniere, which has said it is targeting emerging markets as new production facilities lead to a glut of the fuel.

Poland is seeking to cut its dependence on Russia’s Gazprom (OTCPK:OGZPY) for more than two-thirds of gas supplies, and does not want to extend a long-term supply contract beyond 2022.