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Gazprom to reduce prices for natural gas in 2009

"If the company does not come up with such an initiative [to lower prices of gas], the Energy Regulation Office (UKE) has the right to call on PGNiG to reduce gas prices," said Tomasz Kowalak, director of the tariff's department at UKE.

The energy law gives UKE such authorization if external costs drop, in this case related to imported gas. "However, we have no right to demand cuts if internal operational costs of PGNiG change," said Tomasz Kowalak.

In his opinion, the firm will not be too resistant to lowering prices, as otherwise it would find it difficult to raise prices in the future. Current tariffs introduced an average growth in prices of 7.99 percent as of  November 1,  2008 will be valid until March 31, 2009.

Source: Puls Biznesu (M.M.)


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