Gazprom to extend Polish contract on gas transit to Europe till 2045

Jan 29, 2010 01:00 AM

Gazprom said it will extend a contract on gas supplies to Western Europe via Poland until 2045, while gas supplies to Poland may be increased to 11 bn cm from this year. Gazprom, Poland's energy company PGNiG and gas pipeline operator EuRoPol Gaz signed a tripartite agreement in Moscow providing for long-term gas cooperation.
"The document stipulates the extension of the contract on Russian natural gas supplies to Poland until 2037, and the possibility of increasing gas supplies to that country up to 11 bn cm a year from 2010 under the existing contract," Gazprom and PGNiG said.

The document also stipulates the extension of the contract on Russian natural gas transportation to Western Europe via the Yamal-Europe gas pipeline until 2045. PGNiG CEO Michal Szubski said that the accords signed directly with Gazprom provided a possibility to stabilize Poland's gas balance.
"The agreements reached bring an end to a 10-year period of differences and open the prospect of favourable cooperation,"he said.

Poland annually consumes about 13.7 bn cm of natural gas, of which domestic gas supplies account for about 30 %.
In 2009, Gazprom supplied 9 bn cm to Poland.