Thursday, February 9th, 2012
Today's weather     
Poland could face natural gas shortage

21st July 2010
Bookmark and Share

Gas supplies for 2010 could run out by September if a new deal is not reached


Courtesy of PGNiG

Polskie Górnictwo Naftowe i Gazownictwo (PGNiG), Poland's largest state-controlled oil and natural gas company, has already used more than 70 percent of the natural gas it contracted from Russian supplier Gazprom for 2010.

Increasing the flow of gas is possible, but not without amending international agreements, a process that takes time, hence a worry that Poland could well run out of gas this winter.

Maciej Kaliski, director of the oil and gas department at the Economy Ministry, admits Poland will use up all Russian gas supplies by September 20. He warns an energy crisis could be coming to the country if PGNiG and Gazprom don't hammer out a new deal soon.

Poland AM


From Warsaw Business Journal


Advertisement
Corporate Finance/M&A Corner
Financial literacy
BY Les Nemethy
Just think: If more people were financially literate, there might never have been a mortgage crisis in the US, or a Swiss ... READ MORE
Corporate Finance/M&A Corner
Yields on European government bonds
BY Les Nemethy
The chart below represents one of the most important charts for European financial markets in 2011, perhaps even for global ... READ MORE
Our partners