Poland's PGNiG To Cooperate With Pakistani Gas Firm On Upstream Projects



Poland's PGNiG To Cooperate With Pakistani Gas Firm On Upstream Projects
Poland's leading gas company agrees to cooperate on upstream projects with Pakistan's Mari Petroleum Company.

Reuters

WARSAW, March 19 (Reuters) - Poland's leading gas company, PGNiG, has agreed with Pakistan's Mari Petroleum Company to cooperate on upstream projects, PGNiG said on Monday.

"This is another step in the development of PGNiG's operations in Pakistan, where we want to extract more and more natural gas," PGNiG Chief Executive Piotr Wozniak said in a statement.

State-run PGNiG imports from Russia's Gazprom most of the gas it sells. It has taken steps to reduce that reliance, which include more imports of liquefied natural gas (LNG) from Qatar, Norway and the United States.

It also wants to produce more of its own gas. PGNiG's output was 4.5 billion cubic metres (bcm) last year.

PGNiG has been present in Pakistan for 20 years. Apart from providing drilling services it also produces gas from two of the local deposits.

"We already cooperate with Pakistan Petroleum Limited. Establishing a partnership with another Pakistani company strengthens our presence in this country," Wozniak said.

(Reporting by Agnieszka Barteczko, editing by Louise Heavens)



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