ORLEN to open LNG trading office in Singapore as it builds a global portfolio

Following demand to Asia

Asia accounts for the majority of global LNG demand, and forecasts point to further growth in the years ahead. A presence in Singapore, the region's commodity trading hub, will put ORLEN LNG Trading in direct contact with Asian buyers and partners and support the trading activity it already runs in those markets. The timing coincides with a milestone for ORLEN's supply portfolio: in early November the group begins taking deliveries under its contract with Venture Global from the Plaquemines LNG terminal in Louisiana.

- We are building ORLEN's position as a global player in the LNG market. As our supply portfolio grows, we want to be closer to customers in the most important markets. That is why we are opening an office in Singapore, from which we will develop relationships with buyers in Asia, the region that accounts for most of the world's LNG demand - said Robert Soszyński, ORLEN Management Board Vice-President for Operations.

Six cargoes to Asia and a first for Japan

ORLEN LNG Trading is the group's centre of expertise for LNG trading. It manages deliveries under long-term free-on-board (FOB) contracts, under which cargoes are collected at the loading port, optimises the use of the group's carrier fleet and trades on international markets. To date it has delivered six LNG cargoes to key Asian markets, including China, South Korea and Thailand.

The best-known deal so far was with Osaka Gas. In September 2025 ORLEN delivered LNG to Japan for the first time under a contract covering 100 million cubic metres of natural gas, carried by the LNG carrier Ignacy Jan Paderewski. The transaction, handled by the London office, opened the way to a broader relationship with the Japanese utility.

Eight carriers and a trading desk in two time zones

Those deliveries rely on a fleet of eight LNG carriers used by the ORLEN Group. Two vessels joined it in 2026, each with a capacity of 174,000 cubic metres of LNG, enough to carry around 70,000 tonnes of liquefied gas per voyage. The larger fleet gives the group more freedom in planning deliveries both to Poland and to international markets, and the Singapore office is meant to add a direct commercial presence in Asia to that shipping capacity.

In practice, the combination should allow ORLEN to redirect cargoes in response to demand in individual markets and to keep its carriers more fully employed. The company says the expansion of trading in Europe and Asia will support both the group's competitiveness and the energy security of Poland and the wider region.

- From 2027 our teams in Europe and Asia will trade almost around the clock. This will allow us to take advantage of opportunities in both markets and flexibly direct deliveries to wherever the best trading opportunities arise - Robert Soszyński added.