POLPX’s New Products Will Attract Investors to Poland

An increased number of foreign investors will step up Polish gas trade, said the Warsaw-based power exchange POLPX, according to Reuters.

"We see an increased interest among foreign entities in our gas market. Increasing the number of supply directions may result in growing liquidity on the exchange and the development of our products and instruments," Ireneusz Lazor, the head of Poland's power exchange POLPX, said.

In October, Poland stepped up its attempts to promote an increasingly liquid exchange market, enabling auction-based trading in gas forward instruments on the Commodity Forward Instruments Market.

Poland started the gas exchange at the end of 2012 to comply with European Union requirements to liberalize its gas market, which is dominated by state-controlled monopoly PGNiG. The auction-based trading in gas forward instruments will start from October 24.