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