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Poland decided not to renew contract with Gazprom

Source : 112 Ukraine

It will stop buying gas after December 31, 2022 under the current contract
18:42, 16 November 2019
 
PGNiG Polish state-owned oil and gas company informed the Russian Gazprom and Gazprom Export that it would stop buying gas from them after December 31, 2022 under an existing contract. This is reported by Deutsche Welle.

According to the so-called Yamal agreement signed in 1996, the parties are obliged to declare their intentions for further cooperation three years before the expected date for the end of the agreement - December 31, 2019.

PGNiG President Petr Wozniak said that over the past four years Poland has taken a number of important steps to diversify its natural gas supply sources.
 
Related: Law on separation of gas transportation activities officially published in Ukraine


"We concluded long-term contracts for the supply of liquefied natural gas and acquired the rights to develop natural gas fields on the Norwegian continental shelf. This, combined with the activities of the gas transmission system operator to expand the gas pipeline system, gives us the opportunity to terminate the Yamal agreement in the previously established period," message reads.

In turn, the Minister of Finance and Development of Poland, Jerzy Kwiecinski, noted that "Poland does not want to completely abandon Russian gas, but wants to become a serious partner, which is treated as an equal one."

According to him, everything will depend on financial conditions.

Poland pays one of the highest prices in the world for Russian gas and cannot afford to do so further, Kwiecinski  emphasized.
 
 
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