PM Tusk says Poland may avoid payments for excess Qatari gas | Agricultural Commodities | Reuters:
"Poland may avoid having to pay for the liquefied natural gas (LNG) it has agreed to buy from Qatar but cannot bring into the country because of delays in building a Polish gas terminal, Prime Minister Donald Tusk said on Wednesday.
Under the "take-or-pay" contract signed in 2009 with state-run exporter Qatargas, Poland's gas monopoly PGNiG will buy 1 million tonnes of LNG annually for 20 years at a price closely correlated to crude oil. Delivery of the gas was intended to begin this year.
The deal requires state-controlled PGNiG to pay for the LNG whether Poland's first gas terminal on the Baltic coast is ready or not. Construction problems have delayed the facility's launch beyond 2014."
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