The Polish pride: First, defeat Gazprom, then ask to cut prices on gas

Poland's oil and gas concern PGNiG announced that it sent a letter to Gazprom with a request to decrease the price of natural gas supplied to Poland. The Polish company substantiated the request with an unprecedented surge in prices on the European wholesale market. PGNiG's long-term agreement with Gazprom is valid from 1996 to 2022. In accordance with this agreement, the Polish company undertakes to annually take at least 8.7 billion cubic meters of gas on the take-or-pay basis. Earlier, Polish officials claimed that they did not intend to extend the contract with the Russian company. Poland looks up to purchasing liquefied natural gas while  building the Baltic Pipe gas pipeline, which is to connect the country with Norwegian gas deposits. PGNiG CEO Pavel Maevsky announced an unprecedented rise in gas prices on the European wholesale market.