Polish regulator approves PGNiG gas price hike for 1Q 2017
12/16/2016
Warsaw, Poland—Poland's biggest natural gas firm, PGNiG, will increase the price of high-methane gas it sells by 12.2% and the price of nitrogen-rich gas by 13.4% from the start of next year, the company said, citing an approval from energy regulator URE.
The price hike, valid until the end of March next year, will be applicable to PGNiG's largest clients, the firm said.
"Due to the higher prices of crude oil and natural gas... for the first quarter of 2017, PGNiG's total cost of gas grew," the company said. "Therefore, the average trading price of gas fuel increased by 12.2% for high-methane gas."
(Reporting by Marcin Goettig; editing by Mark Potter.)
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