Alerts 7 September, 2018 11:00 am   
Editorial staff

PGNiG to supply natural gas to Commercial Metals Company Poland

Polskie Górnictwo Naftowe i Gazownictwo SA has become the strategic supplier of natural gas to the Polish subsidiary of Commercial Metals Company, a global company that recycles and manufactures steel and metal products.

“We are proud to have become the strategic supplier of fuel for a leading global producer. I am confident that this relationship will help both companies to achieve their business goals,” said Maciej Woźniak, Vice President for Trade at PGNiG S.A. “The contract we have signed attests to the competitiveness of our offer and our deep understanding of customer expectations. As the leader of Poland’s natural gas market, we offer products that perfectly match customer needs.

“During the negotiation process the parties worked out a unique product tailored to the needs of large industrial customers like CMC Poland Sp. z o.o.,” said Jerzy Kozicz, President of the Management Board of CMC Poland Sp. z o.o.

The contract provides for the supply of natural gas to CMC Poland from October 1st 2019 to the end of September 2022. The contracted volumes may reach up to 160 mcm of natural gas.

Commercial Metals Company is a fast-growing international steelmaking company listed on the NYSE. It has a headcount of 8,000 worldwide, including around 2,000 in Poland. The Polish subsidiary is based in the town of Zawiercie, which is home to a steel mill.

Polskie Górnictwo Naftowe i Gazownictwo SA is the leader in the Polish natural gas market. It explores for and produces oil and gas, imports gas and supplies gas to strategic customers. The company is listed on the Warsaw Stock Exchange, with its stock included in the blue-chip index WIG20. PGNiG SA is the parent of a group of companies operating in the areas of storage, marketing and distribution of gas and liquid fuels as well as power and heat generation.