Poland’s PGNiG extends gas cut end of February

20 February 2012 14:43  [Source: ICIS news]

LONDON (ICIS)--Polish gas monopoly PGNiG has extended its restriction on gas supplies to oil, chemicals and petrochemicals group PKN Orlen and phosphorous fertilizer and titanium dioxide maker Zaklady Chemiczne Police (ZChP) until the end of February, PGNiG said on Monday.

PGNiG introduced the restriction at the beginning of February after cold weather caused a spike in household demand for heating gas.

A full supply of gas to all major industrial customers would not be possible while it remained necessary to maintain stocks to deal with possible further cold weather, PGNiG said.

Orlen said the gas supply reduction, which amounted to less than 10% of the usual flow, had so far made no significant impact on its production activities.

ZChP said it was likely to maintain a 35% cut in its ammonia production until normal gas supplies were restored.

Poland imports two-thirds of the gas it consumes annually from Russia.

For more on PKN Orlen visit ICIS company intelligence


By: Will Conroy
+44 20 8652 3214



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