PGNiG takes control of Yamal-Europe pipeline

Gas Assets Management, a subsidiary of PGNiG, has acquired a 36.16 percent stake at Gas Trading from Bartimpex. Thus, the Poland's gas giant has become the main shareholder of the Yamal-Europe pipeline, a company press release stated. The pipeline has been operated by EuroPolGaz, which was a joint venture of PGNiG, Gazprom and Gas-Trading. By purchasing the  holding at Gas Trading, PGNiG has increased their share in EuroPolGaz by an additional four percent. In total, the Polish refiner now owns 52 percent of shares at EuroPolGaz. The transaction will allow PGNiG to influence the decision making process more, Puls Biznesu pointed out. The Yamal-Europe natural gas pipeline is a 4,196 kilometer pipeline connecting Germany with gas fields in Western Siberia, and in the future the Yamal Peninsula (Russia).