Ruhrgas plans large expansion into Polish energy market
German gas giant Ruhrgas has announced that its bid for the Szczecin heating
company SEC is only the first step in its broad strategy for the Polish
market. Ruhrgas is bidding for a 49% stake in SEC in conjunction with German
energy group MVV. The investor will be chosen by February. Ruhrgas is also
looking for more corporate gas clients in western Poland who would make
feasible the construction of a zl. 360 million gas pipeline from Bernau,
Germany to Szczecin. Potential clients could include another heating
company, ZE Dolna Odra, and state-owned chemicals plant ZC Police. Ruhrgas
would build the Bernau-Szczecin pipeline in consortium with Bartimpex, a
leading Polish gas trading company. Rurhgas' strategy could endanger the
plans of a group of Polish companies to build a terminal for gas shipments
into Szczecin. (Puls Biznesu, p. 4) T.J.