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11.09.2014 Update on natural gas deliveries from countries east of Poland

Polskie Górnictwo Naftowe i Gazownictwo SA reports that natural gas supplies provided under the Yamal Contract at the interconnection points in Drozdovitse (Ukraine), Kondratki (Belarus) and Vysokoye (Belarus) remain inconsistent with the nominations made by the Company.

On September 10th 2014, the delivery shortfall was approximately 45%. Under the Yamal Contract, PGNiG may collect gas volumes which are equal to or lower than the maximum contracted daily volumes defined for the individual entry points through which gas is delivered. The volumes of gas ordered by PGNiG were lower than the maximum volumes, and therefore compliant with the provisions of the Contract, but nonetheless they have not been met by OOO Gazprom Eksport.

To cover the deficit of gas supply from the east, PGNiG has resolved to import additional gas through the interconnection points in Lasów (Germany) and Cieszyn (the Czech Republic). Also, on September 11th 2014 gas deliveries commenced through the Mallnow interconnection point (Germany).

The reasons behind the reduced gas deliveries are being investigated, in particular to determine whether they are of technical or commercial nature.

PGNiG has not yet received any information from Gazprom concerning the reasons behind reduced gas supplies to Poland. Deliveries to PGNiG SA's customers are continuing uninterrupted. At the moment, there is no need to withdraw gas from underground storage facilities, which have been filled to capacity before the winter season. The storage facilities now hold approximately 2.6bn cubic metres of gas.

Dorota Gajewska

Press Officer

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