PGBiG and Gazprom agree upon Natural Gas through Yamal Pipeline

An agreement has been reached between the Polish gas monopoly PGBiG and the Russian energy giant Gazprom ensuring the supply of Poland from Russia with up to 10.2 billion cubic meters of gas annually. The Communication of the Polish State company stated that the agreement extends the existing supply contract through the Yamal pipeline until 2037 and ensure the transit of gas to Europe via the pipeline that crosses the Polish territories until 2045. Although the deal is awaiting approval by the Polish government it is not expected to face any complication as Warsaw had already made clear that it would approve any agreement that the two companies might reach. Poland, which relies on Russia for two thirds of the gas it consumes, is facing annual shortages of 2.5 billion cubic meters starting from 2010.