EU Court of Justice recognises the legitimacy of the Polish company PGNiG's complaint and suspends the execution of the EC's decision of October 28, 2016 with respect to the OPAL gas pipeline
On December 23, 2016, the EU Court of Justice issued a decision to suspend execution of the EC's decision of October 28, 2016. The decision allowed Gazprom to access 80-90% of the OPAL pipeline's transmission capacity. The request to suspend the execution of the EC's decision was submitted by PGNiG Supply and Trading GmbH on December 4, 2016 and the Government of the Republic of Poland on December 16, 2016.
Polish government supports PGNiG in OPAL case
POLISH GOVERNMENT SUPPORTS PGNiG'S ATTEMPTS TO CHALLENGE COMMISSION DECISION ON OPAL GAS PIPELINE
PGNiG BRINGS LEGAL ACTION BEFORE THE GERMAN COURT WITH RESPECT TO AN AGREEMENT BETWEEN GERMAN NATIONAL REGULATORY AUTHORITY (BUNDESNETZAGENTUR) AND GAZPROM
Due to unprecedented steps on the part of the German National Regulatory Authority (NRA) Bundesnetzagentur and the operator of the OPAL gas pipeline, on December 15, 2016 PGNiG Polish Oil and Gas Company (PGNiG SA) has brought legal action before a German court with respect to the agreement between Bundesnetzagentur, Gazprom, Gazprom Export, and OPAL Gastransport GmbH on the exemption of Gazprom from the principle of third party access to the capacity of the OPAL gas pipeline. On December 16, 2016, the Polish government has also brought European Commission's decision with respect to the OPAL gas pipeline to the Court of Justice of the European Union. Piotr Woźniak, CEO of PGNiG SA, emphasized that the Polish government and PGNiG SA consider the actions undertaken by the Commission, the German NRA and Gazprom with respect to the OPAL gas pipeline as the real threat to the energy security and stability of gas supply to Poland and the European Union.
PGNiG: 14 charges against the European Commission on OPAL case
PGNiG with 14 charges against the European Commission’s decision on the OPAL gas pipeline and bringing an urgent action to the European Court of Justice.
Update on events in Pakistan
Information about abduction of employees of Pakistani contractor of Geofizyka Kraków SA.
PGNiG and Palomar Natural Resources Group sign gas contract
Polish Oil & Gas Company – PGNiG SA signed commercial agreement with international private E&P Group Palomar Natural Resources for the purchase of natural gas that will be produced at Rawicz Gas Field in western Poland. Palomar became the first independent foreign company in Poland to start large-scale gas production.
PGNiG doubles gas production in Pakistan
Polish Oil and Gas Company (PGNiG SA) started gas production from Rizq deposit and drilling of another well in Rehman deposit. The company’s gas production in Pakistan exceeded 0,5 mcm per day.
PGNiG: Increased Gazprom access to OPAL gas pipeline is extremely disadvantageous to all CEE countries
On October 28th 2016, the European Commission announced that it would increase Gazprom access to the OPAL pipeline capacity. As the text of the decision has not been disclosed to the public yet, PGNiG Polish Oil & Gas Company is unable to take any legal steps. Therefore, today PGNiG has requested the Commission to promptly publish the OPAL decision.
PGNiG Group: PLN 1.62bn net profit in Q3 2016
In Q3 2016, the PGNiG Group generated revenue of PLN 23.05bn. The volume of natural gas sales increased by 3% (0.5bcm), and the volume of distributed gas was up by 7% (0.5bcm). The Group also derived higher revenue from sales of heat. In the first 10 months of 2016, the Group secured new contracts with major gas customers, strengthened its heat generation business, and launched an attractive offering for households.
PGNiG and National Iranian Oil Company sign memorandum of understanding
On November 5, 2016 in Teheran PGNiG POlish Oil & Gas Company and the National Iranian Oil Company signed a memorandum of understanding about cooperation on Soumar oilfield. Geological resources of Soumar comprise about 475 million oil barrells. Following a geological and resource analysis that could take up about six months PGNiG will decide on potential investment.
Buy-back of PGNiG shares
PGNiG annouces share buy-back.
PGNiG actions in OPAL pipeline and Gazprom antitrust case
In the opinion of PGNiG SA, both the decisions by the European Commission and by the German energy regulator Bundesnetzagentur to make capacity of the OPAL gas pipeline available to Gazprom and the European Commission’s decision regarding the abuse of monopolistic position by Gazprom constitute a breach of the provisions of the Treaty on the Functioning of the European Union and Directive 2009/73/WE concerning common rules for the internal market. These decisions pose a real threat to the stability of gas supplies to Central and Eastern Europe.
PGNiG SA is ready to sue both – the decision of the European Commission and the decision of Bundesnetzagentur. PGNiG Supply and Trading GmbH, a PGNiG subsidiary operating in the German market, may be involved in the planned action.
ORLEN and PGNiG have started drilling an exploratory well in Wielkopolska
Miłosław-5K/H exploratory well, drilled based on the license Kórnik-Środa (no. 32/96/p) for the exploration and appraisal of hydrocarbons is located in Winna Góra, in Środa Wielkopolska commune, średzki district, wielkopolskie voivodeship. The investment is carried out by PGNiG Polish Oil & Gas Company in cooperation with the PKN ORLEN’s upstream subsidary, FX Energy incorporated into the ORLEN Group by the end of 2015. Joint operations are performed with regard to the operator agreement. PGNiG owns 51% of shares and FX Energy remaining 49% of shares.
LOTOS and PGNiG’s pioneering supply of LNG as bunker fuel
LOTOS and PGNiG delivered 120 m³ (120 thousand litres) of liquefied natural gas (LNG) as bunker fuel for SIEM HARMONY, a modern Platform Supply Vessel currently under construction in the Remontowa Shipbuilding shipyard, to enable its sea trials before commissioning. The gas was transported by tank cars from the Lech Kaczyński LNG Terminal to the shipyard in Gdańsk. This is the very first logistic project of this kind in Poland, a fruit of cooperation between LOTOS and PGNiG.
PGNiG with strategic contract for gas supplies to PGE Group
On August 30th 2016, Polskie Górnictwo Naftowe i Gazownictwo SA and PGE Górnictwo i Energetyka Konwencjonalna SA, companies of the PGE Group, executed gas sale contracts with an estimated value of PLN 2bn.
Buy-back of PGNiG shares
PGNiG annouces share buy-back
PGNiG Group: nearly PLN 1.3bn in net profit in H1 2016
In H1 2016, the PGNiG Group earned net profit of nearly PLN 1.3bn, which is PLN 594m less than a year earlier. The Group's revenue was PLN 17.3bn, down PLN 3bn year on year, and operating expenses fell by PLN 2.2bn. EBITDA was PLN 3.1bn, having decreased by PLN 865m on H1 2015.
ERU TRADING and PGNiG have initiated gas deliveries from Poland into Ukraine
ERU TRADING (subsidiary of ENERGY RESOURCES OF UKRAINE) in cooperation with PGNiG (Polish Oil and Gas Company) state controlled oil and natural gas company have begun deliveries of natural gas from Poland into Ukraine.
PGNiG and ORLEN expand the area of E&P cooperation
PGNiG Polish Oil & Gas Company and ORLEN Upstream, a subsidiary from the ORLEN Group, signed a Letter of Intent on cooperation in exploration, development and production of hydrocarbons in new areas in Poland. The companies express the will to cooperate in the following regions: the Pomeranian Basin, the Lublin Basin, the Fore-Sudetic Monocline, the Gorzów Block, the Carpathian Foreland, and the Carpathians.
PGNiG joins International Centre of Excellence on Coal Mine Methane under UN patronage
Polskie Górnictwo Naftowe i Gazownictwo S.A. has joined the ranks of an expert institution operating under the auspices of the United Nations. The new partnership with the Centre will drive the development of new methods of methane capture and commercial use as an energy carrier.