Rising gas prices could drive Polish energy firms into bankruptcy ...News

Russia Today - Economy
Rising gas prices could drive Polish energy firms into bankruptcy
source : Russia Today ( News ) () 27
Companies may be forced to pay more on the spot market, Petr Wozniak says Soaring natural gas prices may push smaller energy companies in Poland into bankruptcy, according to Petr Wozniak, the former head of the country’s state oil and gas company PGNIG. Wozniak said the problem stems from the fact that energy companies buy gas on the European spot market, where prices have been on the rise for months. “Thus, the prices that companies will have to pay on the spot market to buy gas will grow higher and higher... There is a serious threat here that companies will not have enough money to pay collateral. Then such a

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