Russia's Gazprom Proposes Gas Price Rise for Poland
WARSAW (Reuters) - Poland's dominant gas company PGNiG said its biggest supplier, Russia's Gazprom , had proposed increasing prices for its gas in an existing long-term delivery deal, at a time of heightened tensions between Moscow and Warsaw.
State-run PGNiG, which has said it will not renew the deal that runs until 2022, said in its statement late on Monday that the proposal to renegotiate the price was groundless.
Gazprom's exporting arms, Gazprom Export, confirmed on Tuesday it had sent a proposal to PGNiG to review the gas price upwards starting from November 2020.
PGNiG, which earlier this month asked Gazprom to lower the delivery price, imports most of the gas it resells from Gazprom based on the existing long-term deal.
Poland has sought to reduce reliance on Gazprom.
Gazprom and PGNiG have had a long-running dispute over gas prices. PGNiG has repeatedly said it pays more than its European peers for Gazprom's gas.
In a flare up of a wider political row, Poland fined Gazprom more than 29 billion zlotys ($7.6 billion) for building the Nord Stream 2 gas pipeline without Warsaw's approval.
($1 = 3.8208 zlotys)
Related News
Related News
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
Comments