WARSAW Feb 11 Polish gas monopoly PGNiG
PGNI.WA signed a preliminary deal with an Iranian state-owned
oil company to cooperate on managing already-discovered gas
reserves, it said on Monday.
Poland, which depends on Russia for 48 percent of its gas
imports, has made diversify of supply a priority and the deal
with Iran could potentially pave the way for such a
In recent months, PGNiG signed several deals that could
allow it to import of gas from countries such as Libya and
"In Tehran, PGNiG signed a letter of intent with Iranian
Offshore Oil Company in the area of cooperation related to
managing already-discovered gas and condensate reserves," PGNiG
said in a statement.
Iran sits on nearly a fifth of the world's gas and wants to
export more of it by cooling the gas into liquid form.
Decades of under-investment have left Iran's reserves, the
planet's largest, largely untapped.
Iran does not currently produce any liquefied natural gas
(LNG), but plans to supply several companies -- including
Austria's OMV (OMVV.VI), Petrochina, E.ON Ruhrgas EONG.DE and
Gaz de France GAZ.PA -- if facilities to liquify are built.
PGNiG spokeswoman Joanna Zakrzewska said cooperation with
the Iranian company could lead to LNG supply contracts, which
are indispensible for the Polish company to go ahead with
construction of LNG terminal on the Baltic coast.
PGNiG shares slipped 0.5 percent by 1052 GMT.
(Reporting by Marynia Kruk; Editing by David Holmes)