Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Poland gets Russian gas price reduction

Send a link to a friend

[November 06, 2012]  WARSAW, Poland (AP) -- 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.

[Associated Press]

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

< Recent articles

Back to top


News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law & Courts | Leisure Time | Spiritual Life | Health & Fitness | Teen Scene
Calendar | Letters to the Editor