Poland wants another cut in the price of natural gas it buys from Russia, a Polish deputy prime minister said on Monday as gas firms from the two countries began talks.
Poland
wants
another cut in the price of natural gas it buys from
Russia
, a
Polish deputy prime minister said on Monday as gas firms from the two countries
began talks.
State-controlled PGNiG SA (PGN.WA) begins talks on Monday with
Russia
's OAO
Gazprom (GAZP.RS) on the Polish section of the Yamal-Europe pipeline, which
they co-own, PGNiG said in a statement on Sunday. The goal of the meeting is
also to "discuss conditions of gas deliveries to
Poland
,"
it said.
Due to work done over the past few years on building new supply routes, Poland
has an increasingly strong position in talks with Gazprom, Deputy Prime
Minister Janusz Piechocinski said on Monday.
"The time is coming to talk with Gazprom about renegotiating gas
prices," he was quoted as saying by state-owned newswire PAP. "The
market is slowly becoming the buyer's market, not the supplier's."
In November 2012, Gazprom gave PGNiG a retroactive discount of more than 10%
for the gas the Polish company is buying. Still, the country has complained it
continues to pay a relatively high price. PGNiG buys most of its gas from
Russia
.
Poland
has
over the past few years built several small pipelines connecting it with
Germany
and
the
Czech Republic
. It
is also building a liquefied natural gas terminal on the Baltic coast to be
able to import LNG from other directions. Several companies are drilling in the
country in search for shale gas.
Mr. Piechocinski said Monday Poland, which over the past few years experienced
shortages during winter seasons when Russia cut supplies to transit countries
Belarus and Ukraine, will have "complete security" of supplies in
2018. At that point, "of course if Russian gas remains the cheapest, we'll
keep using it," Mr. Piechocinski said.
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