Qatargas to supply LNG to Poland

The Polish Oil and Gas Company signed a deal on Monday with Qatargas for deliveries of liquefied natural gas (LNG) in a move that lessens Poland's reliance on Russian supplies.

Qatar government representatives signed the agreement with Polish officials in Qatar, Treasury Minister Aleksander Grad told the Polish Press Agency PAP.

The deal is effective for 20 years and will yearly deliver 1.5 billion cubic meters of gas in an agreement worth some US$500 million a year.