Poland's PGNiG Signs Deal With Gazprom For 1 BCM Of Gas

Polands PGNiG Signs Deal With Gazprom For 1 BCM Of Gas
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Τρι, 2 Ιουνίου 2009 - 15:54
Polish natural gas monopoly Polskie Gornictwo Naftowe i Gazownictwo SA (PGN.WA), or PGNiG, has signed a deal with Russia's OAO Gazprom (GAZP.RS) to deliver 1 billion cubic meters of gas before Sept. 30, the company said in a statement Tuesday.
Polish natural gas monopoly Polskie Gornictwo Naftowe i Gazownictwo SA (PGN.WA), or PGNiG, has signed a deal with Russia's OAO Gazprom (GAZP.RS) to deliver 1 billion cubic meters of gas before Sept. 30, the company said in a statement Tuesday.

This deal, which has been awaiting signatures since mid-May, will allow Poland to fill its gas storage facilities ahead of winter.

Supplies were provided by RosUkrEnergo until the Ukrainian-Russian crisis last January.

The contract is worth about $300 million, but the final price is linked to the price of crude oil, PGNiG said.

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