13:56 GMT03 December 2020
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    Poland’s state oil and gas company does not foresee an out-of-court settlement with Russia’s Gazprom to reconsider natural gas prices.

    KRYNICA-ZDROJ (Poland) (Sputnik) – Poland’s state oil and gas company PGNiG does not foresee an out-of-court settlement with Russia’s Gazprom to reconsider natural gas prices, PGNiG Management Board President Piotr Wozniak said Thursday.

    "Like us, Gazprom is awaiting arbitration, which will be made in July or August next year, according to the procedures… Perhaps Gazprom will still respond positively to our proposal and the dispute will end earlier and the expenses will be less expensive. But that is hard to believe," Wozniak told RIA Novosti.

    PGNiG filed a lawsuit against Gazprom over gas prices last February, following its 2014 call for the energy giant to revise its gas price deal in line with recent gas market trends.

    Wozniak declined to disclose the terms acceptable for his company, saying that "only Gazprom knows the terms to which we will agree, it is not necessary to speak publicly about it."

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    Tags:
    oil and gas, gas prices, Gazprom, PGNiG, Poland
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