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PGNIG CEO welcomes possible Gazprom deal extension

WARSAW, July 27 (Reuters) - The Chief Executive of Polish gas monopoly PGNiG PGNI.WA, Michal Szubski, on Monday gave his support to the possible extension of a gas suppply deal with Russia until 2035.

Earlier this month, Maciej Wozniak, Polish Prime Minister Donald Tusk’s advisor on energy issues, said Poland may prolong its gas contract with Russia until 2035, expecting to raise its gas usage by nearly a third to 18 billion cubic metres by 2015.

Asked if it was a good idea to increase gas volumes imported from Russia and to prolong the contract with Gazprom until 2035, Szubski said: “Yes.”

Poland, which imports some two-thirds of its annual gas consumption from Russia, hopes to finalise soon talks with Russian giant Gazprom GAZP.MM on gas deliveries starting next year. Diversification has long been a priority for consecutive Polish governments and the country's first liquefied natural gas (LNG) terminal is expected to go on line as of 2014.

“If we increase imports from Russia by some 2 billion cubic metres per year, then still after 2015, that is after finishing the LNG terminal, the share of this fuel in our balance will be lower than now,” Szubski also said. (Writing by Gabriela Baczynska; editing by Simon Jessop)

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