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PGNiG may lose gas clients to Hungary's Emfesz

Polskie Gornictwo Naftowe i Gazownictwo SA, the Polish natural gas monopoly, may lose some of its largest industrial customers to Hungarian provider Emfesz Kft, which is offering lower gas prices in Poland, Bloomberg reported citing Polish daily Parkiet.
Zaklady Azotowe Pulawy SA, the country's largest nitrogen products maker, will buy as much as 150 million cubic meters of fuel this year from the Polish unit of Emfesz, a Hungarian supplier of Russian and central Asian natural gas, the newspaper said, citing Pulawy CEO Marcin Buczkowski. Pulawy uses 850 million cubic meters of gas a year, accounting for a third of its total costs, Parkiet said. Emfesz is also in talks with as many as three other Polish companies to sell them as much as 100,000 cubic meters a year of gas, the newspaper said.
PGNiG plans to increase domestic natural gas prices by about 8.8% from April 1, to compensate for higher costs for the gas it imports from elsewhere in Europe.