Poland and Russia want to simplify the ownership structure of Europol Gaz, Poland-based operator of the Yamal-Europe gas pipeline from Russia, Polish Prime Minister Donald Tusk said Tuesday.
"For a long time, we've held talks on simplifying the ownership structure of Europol Gaz in line with the trend - that I believe is justified - of avoiding private intermediaries in oil and gas sectors," Tusk said.
Polish oil monopoly Polskie Gornictwo Naftowe i Gazownictwo SA, or PGNiG, (PGN.WA) and Russia's gas major Gazprom (GAZP.RS) each hold 48% of shares in Europol Gaz. The remaining 4% is in the hands of Gas-Trading, an unlisted company held by PGNiG, Gazprom and Bartimpex.