Russian gas the only game in town

Polish Oil and Gas (PGNiG) urgently needs a new contract for gas supplies as a result of an unexpected 20% growth in demand since 2004. The only option is Russian gas. PGNiG's options for a negotiating partner are practically limited to RosUkrEnergo, a company significantly dependent on Russia. Theoretically it could turn to Hungarian Emfesz, but this company is also linked with Gazprom. Experts agree that PGNiG was late looking for yet another supplier and it will find it difficult to negotiate an attractive price. The situation inside the firm will by no means help, either - since last December it has not had a president, due to frequent board changes. A new boss will probably be appointed in September. That is why possible foreign partners might not perceive PGNiG as a serious enterprise. (Rzeczpospolita, pp.A1, A2, B1) J.L.