Poland's ZAP announces €263m gas contract for 2014

31 December 2013 14:04  [Source: ICIS news]

LONDON (ICIS)--Polish nitrogen fertilizer producer Zaklady Azotowe Pulawy (ZAP) has signed a zloty (Zl) 1.09bn ($362m, €263m) deal for 2014 natural gas deliveries from Poland's dominant gas supplier PGNiG, ZAP said on Tuesday.

ZAP also announced that two smaller deals for the coming year's natural gas supplies – a Zl 69m contract signed with RWE Poland and a Zl 97m order with Norway's Statoil – had been concluded.

“Our efforts to diversify gas supplies clearly show that we have the necessary powers to take an active part in the liberalisation of the Polish gas market,” said Wojciech Kozak, ZAP vice-president.

“And the concluded agreements are not the final word on the issue of contracts for the coming year as we are at the moment discussing conditions for gas from another vendor,” he added.

ZAP, also a producer of melamine and caprolactam (capro), consumes approximately 1bn cubic metres (cbm) of gas per year, with gas accounting for around 35% of its total costs.

The company is part of Poland's Grupa Azoty group, the second largest producer of fertilizers in Europe.

($1 = €0.72, $1 = Zl 3.01, €1 = Zl 4.15)

By: Will Conroy
+44 20 8652 3214

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