Poland says may remove gas price controls for industry from Q1 2016

WARSAW: Poland may next year remove controls it imposes on the price paid for natural gas by the biggest industrial consumers, in order to meet European Union requirements, energy market regulator URE said on Wednesday.

Eastern Europe's biggest economy has begun to liberalise its gas market to comply with EU regulations, but URE continues to set the maximum price at which state-run distributor PGNiG sells gas to companies and households.

Asked whether the price control could be removed in the first or second quarter of next year, URE's head Maciej Bando said "I think so."

"The talks between the (energy) ministry and the (the EU's executive branch) European Commission are ongoing, and I think there will be a statement soon."