Getting rid of excess gas
At the beginning of next month gas supplier PGNiG hopes to conclude negotiations with banks on the subject of the conditions it must fulfil in order to share its debts amongst the companies that will be broken off from it. Current PGNiG debt is PLN6bn. It is rumoured that the banks are not very keen in seeing the company broken up. The strongest company would become that in north western Poland, particularly if a EUR200m project for a gas link from Denmark to Niechorze is constructed. The company is also warning that EuRoPol Gaz which is building the Siberian pipeline across Poland is unable to pay its USD1bn debt and that no agreement has been found with Gazprom on further funding.