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07 Mar 2018, Gergana Bencheva, EMIS Editor

Poland’s PGNiG inks gas supply agreement with Naftogaz

Polish state-run oil and gas major PGNiG has inked a gas supply deal with Ukraine’s Naftogaz for a shipment of 60 million cu m of gas through the Hermanowice connection between March 2 and March 31, 2018, M-Brain reported.

The deal was signed as Russia’s Gazprom opted to cut natural gas supplies to Ukraine as of March 1 following an unresolved legal dispute with Naftogaz. Gazprom’s decision was taken after the Stockholm arbitration court ruled an award of over USD 2.5 billion to Naftogaz regarding the case which did not please the Russian company.

PGNiG’s CEO, Piotr Wozniak, described the agreement as an act of solidarity and noted that the Polish company was ready to extend the gas supply period if Ukraine needed it, M-Brain added.

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