Zaklady Azotowe Tarnow to raise its domestic gas consumption

04 November 2010 16:03  [Source: ICIS news]

PRAGUE (ICIS)--Zaklady Azotowe Tarnow (ZAT) plans to increase the domestically sourced proportion of its gas consumption from 40% to more than 60% with the opening of two new gas mines, the Polish fertilizer producer said on Thursday.

ZAT has agreed a contract with Polish gas monopoly PGNiG for deliveries from the mines, which are located at Tarnow-Moscice, to be available by the beginning of 2013, it added.

Analysts view the Polish chemical industry as generally vulnerable because of a lack of diverse gas supplies, as around two-thirds of Poland’s gas is sourced from Russia.

ZAT, which also produces caprolactam and polymers, is set to complete the acquisition of a majority stake in fellow state-controlled firm Zaklady Azotowe Kedzierzyn (ZAK), in the near future.

ZAT and ZAK, which makes nitrogen fertilizer, oxo-alcohols and plastics, could be subject to a renewed privatisation effort at the beginning of 2011, the Polish treasury ministry said.

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By: Will Conroy
+44 20 8652 3214

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