Poland’s PGNiG signs $870MM gas-supply deal with Grupa Azoty
WARSAW (Reuters) -- Poland's state-run gas company PGNiG signed a deal to deliver natural gas to state-controlled chemical firm Grupa Azoty worth about 3.3 billion zlotys ($870.09 million) over the next three years, PGNiG said in a statement.
PGNiG, which imports most of the gas it sells from Russia's Gazprom and accounts for 60% of Azoty's gas consumption, said the total volume of the gas to be delivered as part of the deal will reach up to 4.5 billion cubic meters (bcm).
Grupa Azoty took advantage of gradual gas market liberalization in Poland to buy gas from other sources, but said in March it was rethinking that with PGNiG offering bonuses to big clients.
($1 = 3.7927 zlotys)
(Reporting by Adrian Krajewski and Jakub Iglewski; Writing by Agnieszka Barteczko and Marcin Goettig)
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