May 18, 2018 / 3:54 PM / 4 months ago

Poland's PGNiG plans to suspend gas project in Iran because of U.S. sanctions

KRAKOW, Poland (Reuters) - Poland’s dominant gas firm PGNiG plans to suspend a gas project in Iran because of the risk from U.S. sanctions, the company’s deputy chief executive said.

“There is not much we can do about the contract in Iran. Any moment the sanctions will be put in place and nobody wants to take a risk,” Maciej Wozniak of the state-run PGNiG told Reuters.

“We can take risks when we are drilling and looking for hydrocarbons, but we will not take risks playing politics,” he said, adding the project consisted of providing technical expertise in gas extraction in Iran.

(Corrects to say PGNiG “plans to suspend” instead of “suspends” in line with the intentions of the deputy chief executive)

Reporting by Wojciech Zurawski; Writing by Marcin Goettig; Editing by Adrian Croft

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