Polish Briefing: Gazprom wants a rise in gas price for Poland

In response to PGNiG’s application for a decrease in gas price in so-called Yamal contract with Gazprom, Russians want an increase. According to PGNiG it is not justified.

The management board of PGNiG reports that on November 9th, 2020 the Company’s management board acquired the information that PAO Gazprom and OOO Gazprom Export (jointly referred as „Gazprom”) submitted to PGNiG a renegotiation request dated November 9th, 2020 of the contract price for natural gas supplied by Gazprom on the basis of long-term gas supply contract of September 25th, 1996 for delivering gas to the Republic of Poland („Jamal Contract”) aimed at price increase.

– In the Company’s opinion, Gazprom’s renegotiation request (submitted in response to the Company’s renegotiation request, about which the Company informed in the current report No. 57/2020 of November 1st, 2020) is not justified and it does not satisfy the formal requirements specified in the Jamal Contract and, consequently, it is ineffective – we read in PGNiG’s statement.
PGNiG already won a price dispute with Gazprom concerning Yamal Contract. In march 2020 the court ruled in Polish favour and ordered Russians to pay 1,5 bn USD of compensation for overly priced gas supplies to Poland.

Wojciech Jakóbik