Poland decided not to renew the contract with “Gazprom” on gas supply

Polish state gas company PGNiG has no plans to renew long-term contract with Gazprom for the supply of Russian gas, which expires in 2022. This was stated by Reuters, the Commissioner of the government of Poland on issues of gas and energy infrastructure Piotr Naimski in the framework of the summit of investments in Eastern Europe, organized by the Agency Reuters.

“We will strive for a situation where a long-term contract becomes a thing of the past. If the price of Russian gas is quite competitive, we do not exclude that we will buy it, but definitely not under long-term contract”, – quotes Agency of his word.

Polish state gas company PGNiG buys up to 10.2 billion cubic meters of Russian gas per year, which account for the major volume of the annual consumption of Poland, amounting to almost 15 billion cubic meters.

The contract between PGNiG and Gazprom was signed in 1996, it expires in 2022.

In may 2015, it was reported that PGNiG filed a suit against Gazprom and Gazprom export” in the Stockholm arbitration court with a view to achieve lower purchasing prices for Russian gas. The lawsuit was filed after negotiations with Gazprom on lowering gas prices, which began in November of the same year, have not yielded results.

Before that, in November 2012, Gazprom and PGNiG signed an additional agreement to the contract for the supply of Russian gas to Poland, changing price conditions. PGNiG pointed out that in accordance with the supplementary agreement, the price of Russian gas will decrease by more than 10%. Later, Poland said it will seek a further discount on Russian gas.