Bloomberg News

PGNiG Signs Deal to Import Extra Gas via Yamal in December

November 16, 2011

Nov. 16 (Bloomberg) -- Polskie Gornictwo Naftowe i Gazownictwo SA, Poland’s dominant gas company, signed an agreement with the country’s pipeline operator Gaz-System SA to import more natural gas in December via the Yamal pipeline, Gaz- System said in statement on its website.

The company, known as PGNiG, has a similar deal for November. The procedure allows for buying gas from western Europe and receiving it in Poland using the pipeline’s “virtual reverse” technology. The fuel would physically flow from OAO Gazprom, Russia’s export monopoly.

--Editors: Chris Peterson, Alan Purkiss

To contact the reporter on this story: Marek Strzelecki in Warsaw mstrzelecki1@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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