“Today’s meeting, during which two major state-owned companies signed an agreement, proves that economic patriotism is about specific ideas, goals and, first and foremost − their implementation − aimed at building a strong and independent Poland which attracts investors and is friendly to business,” said Dawid Jackiewicz, Minister of the State Treasury. “It is closely cooperating and efficiently managed enterprises from industries of strategic importance to the state that provide foundations for a wealthy and internationally respected Poland,” he stressed.

Under the agreement, PGNiG will supply natural gas to five companies of the Grupa Azoty Group: Grupa Azoty S.A. of Tarnów, Grupa Azoty Zakłady Azotowe Puławy S.A., Grupa Azoty Zakłady Chemiczne Police S.A., Grupa Azoty Zakłady Azotowe Kędzierzyn S.A., and Grupa Azoty Kopalnie i Zakłady Chemiczne Siarki Siarkopol S.A.

“The agreement marks a new stage in the business relations between PGNiG S.A. and the Grupa Azoty Group. While guaranteeing reliable supplies, the contracts provide for market mechanisms ensuring that gas will be acquired at prices linked to exchange indices. The agreement provides innovative solutions for the supplies, based on the competitive offer of PGNiG, our strategic supplier. Also, it is certainly not without significance that our cooperation, based on the arm’s length principle, is creating stronger ties between two enterprises of key importance to the Polish economy,” comments Mariusz Bober, President of the Grupa Azoty Management Board.

PGNiG S.A. and Grupa Azoty have signed a framework agreement defining the general terms of business between the Parties, as well as individual contracts for purchase of natural gas by each of the Grupa Azoty Group companies. The framework agreement provides for the possibility of concluding additional contracts for further volumes in the future.

“The agreement signed today with our largest, and thus strategic, gas customer marks a new chapter in our relations.  I am delighted to see that we have developed new, satisfying terms of gas supplies to Grupa Azoty for the next few years. PGNiG has always sought to meet customer needs. As a result, we can offer attractive terms of gas sale on the liberalised market, while our customers enjoy reliable and predictable terms of supplies. I believe this will not only help PGNiG retain its leading position on Poland’s natural gas market, but will also contribute to a rapid growth in sales,” concluded Maciej Woźniak, Vice-President for Trade at PGNiG S.A.