Why Poland is begging for another discount on Russian gas

The Polish gas company PGNiG has submitted an application to Gazprom to revise the current prices for gas fuel from the Russian Federation. Back in March this year, according to the decisions of the Stockholm Arbitration, the Russian concern paid the Polish side 1,6 billion euros in compensation for overpayments of previous years. However, according to the contract with Gazprom, once every three years the parties can initiate a change in price conditions, which is what the Poles wanted to take advantage of.

Thus, PGNiG decided to try to reduce the prices for gas transported under the 1996 agreement with Gazprom. According to the deputy head of the National Energy Security Fund (NESF) Aleksey Grivach, at the moment prices are determined by changes in the formula, determined by the Stockholm Arbitration, which Warsaw insisted on at the time. The formula takes into account gas quotes on European exchanges, and as a result, Poland managed to save about $ 81 million on gas supplies in the first half of 2020. Why would the Poles beg for another discount on Russian gas?

It looks like they just used the contract option out of principle. To sue again

- noted Grivach in an interview with the publication EADaily.

Now the situation on the gas market has changed, and the previous price formula could become more beneficial for Polish consumers. Gas from Russian fields is currently cheaper than fuel at European hubs. Thus, the European stock exchange TTF offers November gas supplies at a price of $ 170 per 1 cubic meters, while Gazprom's average prices for foreign consumers in 2020 will be $ 120-130 per XNUMX cubic meters of "blue fuel".

In 2022, the contract for the purchase of Russian gas by the Polish company ends, and Warsaw does not plan to renew its contractual relationship with the Russian Gazprom, betting on overseas LNG and the Baltic Gas Pipeline under construction.
  • Photos used: https://pixnio.com
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  1. passing by Online passing by
    passing by (passing by) 2 November 2020 18: 13
    Ukrainians will be resold at European prices. angry perhaps brawn them bills for gas lifted up?
  2. rotkiv04 Offline rotkiv04
    rotkiv04 (Victor) 2 November 2020 18: 23
    the national treasure now gives everyone discounts, so why not try again.
    1. passing by Online passing by
      passing by (passing by) 2 November 2020 19: 00
      the last word for the exchange. spot prices may be such that the Arabs cannot sell oil at the price of air.
  3. mark1 Offline mark1
    mark1 2 November 2020 19: 06
    And it would be nice to agree with the new price and stop supplies "for technical reasons"
  4. sharp-lad Offline sharp-lad
    sharp-lad (Oleg) 2 November 2020 20: 24
    Let them beg for discounts on American LNG!
  5. Bakht Online Bakht
    Bakht (Bakhtiyar) 2 November 2020 21: 41
    This is the height of arrogance. When LNG was cheaper than pipeline LNG, the court obtained compensation and calculation of the cost at the hub price. Now LNG is more expensive than pipeline. Again through the court will seek compensation and payment at the price of the pipeline?
    It was said that the cost of LNG will ALWAYS be higher than the pipeline. There was a short force majeure in the spring of this year, when LNG was sold at the transportation price. But it was clear that this was not for long. But most countries (Bulgaria, Ukraine, Poland) began to demand pricing at the prices of the Dutch hub. Let them pay at spot prices.
    He said that it was necessary to tie up with the European direction. Or sharply cut supplies. These are not "partners" to deal with.
  6. Sergey Latyshev (Serge) 2 November 2020 23: 23
    Ha! Everything is correct. It's Skrepa!
    1) money doesn't smell.
    2) If Gazprom blows the courts, then well and does not sue
    3) Extra Millions will not hinder anyone ... Neither the Poles, nor Gazprom, which raised tariffs in the country, when prices fell everywhere, nor Kadyrov, who sent Gazprom away from the court.
  7. GRF Offline GRF
    GRF 3 November 2020 05: 31
    And what about the Poles, are they still using "undemocratic" gas? And how they swagged.
    Poles, if the price for "undemocratic" gas is too cheap, you will never get off it. It follows that you are weak-willed hollow. Well, again, you see, you need to help, and break the contract with you on your own, and do not thank, because even you have forgotten how to do this humanly ...
  8. Sapsan136 Offline Sapsan136
    Sapsan136 (Sapsan136) 3 November 2020 11: 39
    RF needs to finish building SP-2, to Kaliningrad. This will provide Kaliningrad with gas, and Poland and Ukraine will not have to pay extortionate amounts for transit. They do not like the price of Russian gas, let them buy coal in Africa.