PGNiG to announce spot tender for gas from the East

Polish Oil and Gas (PGNiG), the exclusive importer of natural gas, is soon to announce a tender for the purchase of up to 2 billion cubic meters of gas from the spot market. Firstly, however, it plans to sign an appendix, in accordance with an agreement from February this year, to its contract with Gazprom to lower the amount of gas delivered from Russia. PGNiG will sign the new contract in May or early June. PGNiG head Michał Kwiatkowski said that if the tender proves successful, the purchased gas will come from the East, most probably Ukraine or Kazakhstan. According to Kwiatkowski the tender will be valid until the end of this year, and he does not exclude similar tenders in the future. National demand for gas reaches around 11 billion cubic meters annually, with around 4 billion coming from domestic reserves. (Rzeczpospolita, p. B3) A.K.