Poland's gas monopolist plans asset purchases in Ukraine

Leszek Szymański/PAP

Polish gas conglomerate PGNiG is interested in purchasing assets owned by Ukraine's government and seeks insight into their condition, PGNiG CEO Jerzy Kwiecinski said in Kiev on Monday.

PGNiG and Ukraine's State Assets Fund signed an agreement on confidentiality in Kiev on Monday. "It's a Ukrainian institution that deals with the privatisation of state assets. Basically, the agreement offers us access to information about what companies are going to be sold," Kwiecinski told reporters in Kiev.

"All will depend on what facilities will be privatised and on what conditions. To asses this, we need access to information. Today's deal will let us assess particular undertakings," Kwiecinski also said.

The CEO said his company was most interested in the power sector. "We've been present on the Ukrainian market for several years, exporting gas, and this year this export has risen three-fold compared to the previous year," he said, adding that Ukraine was the biggest export market for PGNiG.