PGNiG extends PLN 7 bln gas deal with Grupa Azoty

State-owned, WSE-listed companies PGNiG and Grupa Azoty extended the gas delivery deal, potentially worth PLN 7 billion. The new contract will run till 2020, with the possibility to extend it by another 2 years. The gas delivered to Azoty's unit in Puławy is estimated to be worth PLN 3.2 billion, while for the unit in Police at PLN 1.8 billion. If the deal is extended, it will be worth some PLN 7 billion. The current contract, signed in April last year, have been shortened to September 30, 2018.