Poland to rework deal with Gazprom
22:34
Poland wants the so-called Yamal contract for natural gas delivery, between PGNiG and Gazprom, to be renegotiated, Deputy Prime Minister and Economy Minister Janusz Piechociński told the Polish Press Agency. “We expect a significant cut in the price of gas,” he said.
The contract will be open to new negotiations in November 2014. The deputy PM said that Poland now has new argumentation it can use in business talks to reduce the price. He added that the gas market in Europe has changed and it is now the recipients, not the suppliers, who have the last word.
The Yamal contract was signed in 2010 and will be valid until the end of 2022. Total gas supplies will amount to 10.2 billion cubic meters of natural gas. Following a 2012 dispute, the contract price was reduced by 10 percent.
