Poland Seeks Gas Price Renegotiation
WARSAW, Poland (AP) – Poland says it has asked to renegotiate the price it pays for gas imports from Russia.
Rafal Pazura, spokesman for Polish gas company PGNiG, says Russian supplier Gazprom has confirmed receiving the request to alter the terms of their 1996 deal. It was not clear when talks might start.
Changes in European Energy Market
PGNiG said in a statement that “significant changes” in Europe’s energy market have prompted it to seek a new price in the deal that provides some 10.2 billion cubic meters of gas annually. If no agreement is reached within six months, PGNiG will seek arbitration.
European Moves to Diversify Gas Sources
Gas prices have fallen in recent months and Europe is trying to reduce its dependence on Russian gas by tapping new sources.
Previous Gazprom Price Concessions
In 2012, Gazprom agreed to a more than 10 percent price reduction for Poland.
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