Notice from Polskie LNG of partial cancellation of the contract for the construction of the LNG terminal in Świnoujście
The Management Board of PBG S.A. hereby reports that on December 23rd 2011, as a partner of the consortium comprising Saipem S.A., Techint Compagnia Tecnica Internazionale S.p.A., Snamprogetti Canada Inc., PBG S.A. and PBG Energia Sp. z o.o., it received a notice to the effect that Polskie LNG S.A. has cancelled the contract for construction of the LNG terminal in Świnoujście, dated July 15th 2010, in the part involving construction of the nitrogen injection plant designed to control the Wobbe index.
Following the cancellations, the total contract price has decreased to PLN 2,088,976,000 (VAT-exclusive).
For more information see Current Report No. 80/2011 available at: http://www.pbg-sa.pl/en/investor-relations/current-reports/80-2011-notice-from-polskie-lng-of-partial-cancellation-of-the-contract-for-the-construction-of-the-lng-terminal-in-swinoujscie.html