Poland’s PGNiG signs $870MM gas-supply deal with Grupa Azoty
WARSAW (Reuters) -- Poland's state-run gas company PGNiG signed a deal to deliver natural gas to state-controlled chemical firm Grupa Azoty worth about 3.3 billion zlotys ($870.09 million) over the next three years, PGNiG said in a statement.
PGNiG, which imports most of the gas it sells from Russia's Gazprom and accounts for 60% of Azoty's gas consumption, said the total volume of the gas to be delivered as part of the deal will reach up to 4.5 billion cubic meters (bcm).
Grupa Azoty took advantage of gradual gas market liberalization in Poland to buy gas from other sources, but said in March it was rethinking that with PGNiG offering bonuses to big clients.
($1 = 3.7927 zlotys)
(Reporting by Adrian Krajewski and Jakub Iglewski; Writing by Agnieszka Barteczko and Marcin Goettig)
- Freeport LNG export plant in Texas reports shutdown of liquefaction train
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- Five energy market trends to track in 2026, the year of the glut
- Venture Global wins LNG arbitration case brought by Spain's Repsol
Comments