Scenarios for diversification of gas deliveries to Poland and for the future of the Polish Gas Company (PGNiG)
The success of the currently being prepared gas diversification projects for Poland hinges on the cooperation with foreign partners – mainly energy companies from the Central European region as well as with the EU institutions. On the other hand, forced diversification may result in the construction of the expensive and underutilized infrastructure. And even if the additional channels for the import of gas to Poland are opened, it’s close to impossible to reduce the share of the Russian gas in the Polish gas balance to under 50% – at least till the Jamal long-term gas delivery contract is in force, and that is planned till 2022. In addition, it is not clear, what are the intentions of the majority shareholder of the Polish Gas Company (PGNiG) – the Polish treasury – for the future of the company. Some of the recent comments from the government officials may suggest a break up of the company what would result in its decline or would lead to auctioning of the distribution companies currently constituting the group.
(summary of the analysis published in the ReAKKT Newsletter 2006-06-14; complete English version available on request – mjaniec(at)reakkt.com)
