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PGNiG hopes to obtain Russian gas price discount from Gazprom by mid-October

October 07, 2011, 23:13 UTC+3
Negotiations continue and require confidentiality, so any results will be posted when the negotiations are over, the Polish company said
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WARSAW, October 7 (Itar-Tass) —— Polish PGNiG hopes to complete negotiations with Gazprom on smaller gas prices in the middle of October.

Negotiations continue and require confidentiality, so any results will be posted when the negotiations are over, the Polish company said. “If no satisfactory results are achieved, PGNiG will hand over the case to international arbitration,” it said.

A company delegation visited Moscow on October 4 to discuss technical and organizational aspects of gas deliveries to the Polish market in the upcoming winter season, it said.

Poland said earlier it was seeking a 10% discount in gas procurement. The negotiations have been under way for more than a year but no results have been attained so far.

Gazprom and PGNiG signed a number of agreements in the end of October 2010 to enlarge the deliveries of Russian gas to Poland. The supplies were planned at 9.7 billion cubic meters in 2010, 10.5 billion in 2011 and 11 billion annually from 2012 through 2022.

 

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