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Oil Report

Polish gas deliveries up, still no deal with Russia

WARSAW, Jan 5 (Reuters) - Gas deliveries to Poland from Russia have increased since Monday despite the lack of a new gas deal that was meant to guarantee full supplies, a spokeswoman for Polish gas monopoly PGNiG PGNI.WA said on Tuesday.

Poland has so far failed to reach a deal with Russia that would cover an annual deficit of 2.5 billion cubic metres in gas deliveries due to a last-minute disagreement over details.

“We are receiving about 10 million cubic metres of gas more on a daily basis (than in December) and that is as much as we would be getting if we had the new contract in place,” Joanna Zakrzewska said.

Poland struck a deal with Russia in December to import 10.3 bcm of gas annually, but the Polish government declined to approve it due to disagreement over transit fees through Poland.

In early 2009, despite good stocks, Poland was forced to cut supplies to its largest natural gas consumers, mainly chemical makers Pulawy PULW.WA, Police PICE.WA and Anwil, after a row between Russia and Ukraine resulted in lower imports.

This year’s storage levels are significantly lower and cold weather has increased the risk of disrupted supplies, but higher deliveries should help to reduce the risk.

European Union gas supplies were cut in winter in 2006 and 2009 due to rows between Russia and Ukraine. A fifth of the EU’s gas comes from Russia, the world’s largest oil and gas producer, via pipelines across Ukraine.

Poland imports about two thirds of its gas from Russia. Without a new contract, it faces an annual shortfall of 2.5 bcm of gas from 2010. (Reporting by Patryk Wasilewski)

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