tak jak wspominalem potencjalnie 50mln p.a. zysku wiecej dla PCE

By Galinska Anna
Nov. 6 (PAP) -- CHEMICAL SECTOR - Listed chemical companies and fertilizer producers are gaining during Tuesday mid-day trade as an agreement struck between Polish natural gas monopolist PGNiG and Russian giant Gazprom may reduce gas prices and positively impact results of chemical firms, local analysts told PAP.
"The market is reacting to PGNiG's announcement of filing a motion for lowering the gas tariff and suggesting that the decrease may be significant," DI BRE analyst Kamil Kliszcz told PAP.
"I would expect an at least 10% reduction in the gas price tariff, probably as of January 1, 2013," IDMSA analyst Lukasz Prokopiuk told PAP. "Such a reduction would translate, according to rough estimates, to annual savings of PLN 120 mln at ZA Pulawy, PLN 55 mln at Police and [ZA Tarnow's unit] Kedzierzyn-Kozle and PLN 25 mln at ZA Tarnow alone, assuming a 10% reduction in gas prices."
Therefore, the entity to be set up from the merged ZA Tarnow and ZA Pulawy, Grupa Azoty, could count on some PLN 250 mln in annual savings on gas purchases, Prokopiuk noted.
DI BRE analyst, who also expects the tariff cut could exceed 10%, estimates its impact for the biggest gas recipients such as ZA Pulawy or fuel group PKN Orlen at over PLN 100 mln savings, he said, underlining his calculations are preliminary.
PGNiG claims it secured a "significant" price cut in excess of 10% on gas imported from Russia's Gazprom and will put some of the savings back in client pockets and into upstream investments, PGNiG officials told a late morning press conference following the morning announcement of a deal being struck between the two natural gas firms.
Listed chemicals firm Police is gaining 2.13% at 14:22 local time, ZA Tarnow is trading up by 0.9%, ZA Pulawy is up by 2.13%, Ciech chemicals trades up by 4.74%, while PKN Orlen fuels is gaining 1.25%.
krba/ maf