Poland gets EU approval for more gas storage

Jun 26, 2010 02:00 AM

Poland has won European Union approval to give EUR 390 mm to an energy company to expand the country's gas storage by 60 % -- just as a new gas dispute between Russia and its neighbours threatens supplies.
EU governments need regulators' permission to give large state handouts to companies. Poland wants to give the money to its state-owned oil and gas company PGNiG to increase gas storage to 1.6 bn cm.

Russia shocked European customers by cutting off gas supplies in a dispute with Ukraine last year -- forcing EU nations to increase storage and, in the longer-term, seek more alternative energy sources.
Russia reduced supplies to Belarus in a new payment row. It has pledged to continue deliveries to Europe.

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