By MARYNIA KRUK
GDANSK, Poland -- Polish natural gas utility PGNiG launched
a gas link to Polish refinery Grupa Lotos on Monday, the
two state-controlled companies said, making Lotos one of
PGNiGs top five customers by volume.
The accompanying agreement for PGNiG to supply the
Gdansk-based refinery with natural gas, one of
the largest supply contracts signed in recent years, fits into
PGNiG's strategy of increasing gas sales, CEO Grazyna
Piotrowska-Oliwa said in a news release.
Grupa Lotos will initially receive about 340 million cubic
meters of gas per year, with deliveries eventually rising to
500 million cubic meters, the companies said.
PGNiG is also exploring for shale gas in nearby village
Expansion of local gas pipeline
infrastructure is one of the prerequisites to make shale gas
production commercially viable in Poland, should initial test
wells yield positive results in coming years.
Dow Jones Newswires