Reuters: Poland should force PGNiG to sell 35-42% of gas via exchange-PwC

Poland should oblige gas monopoly PGNiG to go through an exchange to sell 35 to 42 percent of the country's gas, which would allow regulators to remove caps on prices for industrial users, consultancy PwC said on Thursday.

State-controlled PGNiG currently sells nearly all of the gas available in Poland, of which around 70 percent goes to industry and the rest to individuals. Gas prices are capped by energy market regulator URE.

Poland plans to set up a gas exchange in the fourth quarter and to pare the dominant position of PGNiG in the 14 billion cubic metre (bcm) market, the largest in Central and Eastern Europe.  MORE