Polish fertilizers and chemicals group Grupa Azoty SA and its subsidiaries have signed a series of deals with the energy group Orlen SA (formerly PKN Orlen SA) on supplies of natural gas into late 2027, Azoty said in a June 20 statement.
Azoty said the contracts have an estimated value of Pln18 billion (approximately $4.44 billion at current exchange rates) and will cover at least 90% of the group’s natural gas needs.
Azoty reported in May that it was negotiating new gas supply deals with Orlen to replace an old contract with PGNiG, which is now part of the Polish energy group (GM May 19, p. 29). The existing contracts expire in September.