UPDATE - Polish Radio’s news agency IAR learnt that Poland and Russia have finally signed a gas agreement, easing fears that Moscow would turn off the taps during the deep freeze.

The deal was confirmed by both sides Thursday morning and ensures supply of up to 10.2 billion cubic metres annually till 2037, PGNiG said in a statement, Thursday.

"Next week the deal should receive all the corporate approvals. Then it's up to the government to approve it," PGNiG, spokesman Miroslaw Dobrut told Reuters.

The deal requires the approval of government’s in Moscow and Warsaw.  

Earlier this week it was reported that Poland’s gas monopoly PGNiG starting cutting supply to industrial customers, such as oil refiner PKN Orlen and fertilizer maker Zaklady Chemiczne. PGNiG had said earlier in the week that their stores had been put under pressure by the unusually cold snap Poland is currently in. (pg)