Poland gets Russian gas price reduction
- Associated Press
- November 6, 2012 - 5:53 AM
WARSAW, Poland - Officials say Poland has obtained a significant price reduction on gas imports from Russia.
The head of Poland's PGNiG gas an oil monopoly, Grazyna Piotrowska-Oliwa, says prices were reduced by more than 10 percent, effective immediately. That brings Poland's costs in line with other major gas-importing European countries.
According to business reports, PGNiG has been paying Russian supplier Gazprom some $500 per 1,000 cubic meters of gas, while the average price in Europe is $350. Poland imports about 70 percent of its gas from Russia.
Piotrowska-Oliwa says gas price for households will be reduced as of Jan. 1, but declined to say by how much.
As a result of the deal, she says Tuesday that Poland is withdrawing a complaint against Gazprom it had lodged with the Stockholm Arbitration Tribunal.
© 2014 Star Tribune