Gazprom said on Thursday it will extend...

Gazprom, Poland"s energy company PGNiG and gas pipeline operator EuRoPol GAZ signed a tripartite agreement in Moscow on Thursday providing for long-term gas cooperation.

"The document stipulates the extension of the contract on Russian natural gas supplies to Poland until 2037, and the possibility of increasing gas supplies to that country up to 11 billion cu m a year from 2010 under the existing contract," Gazprom and PGNiG said in a joint statement.

The document also stipulates the extension of the contract on Russian natural gas transportation to Western Europe via the Yamal-Europe gas pipeline until 2045, the statement said.

PGNiG CEO Michal Szubski said that the accords signed directly with Gazprom provided a possibility to stabilize Poland"s gas balance.

"The agreements reached bring an end to a 10-year period of differences and open the prospect of favorable cooperation," he said.

Poland annually consumes about 13.7 billion cu m of natural

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