News
Another cargo of liquefied natural gas is expected to arrive at the President Lech Kaczyński LNG Terminal in Świnoujście this Thursday, September 6th. It will be the 40th delivery of LNG to Poland.
The National Centre for Research and Development (NCBR) has selected winning projects in the first call for proposals under the INGA Joint Venture Program, carried out in partnership with Polish Oil and Gas Company (PGNiG) and GAZ-SYSTEM SA. Support will be granted to innovative projects that should contribute to enhancing the Polish gas sector’s competitive strength.
PGNiG Upstream Norway (PGNiG UN) of the PGNiG Group is the first Polish company to drill a well in the Norwegian Sea as an operator.
Consolidated results of the PGNiG Group improved again, with H1 2018 revenue at PLN 20.89bn, EBITDA at PLN 4.3bn and net profit at PLN 2.27bn. The Group achieved further diversification of its import sources, with LNG deliveries as the main contributor.
Polish Oil and Gas Company has published its 2017 report, containing extended descriptions of the market and regulatory environment, as well as a section presenting the Group’s short- and long-term plans. The online version of the report is interactive and enables, for instance, data analysis and a more comprehensive understanding of the processes affecting shareholder value creation.
In relation to media releases shared by Gazprom, PGNiG informs that the growth of imports of liquefied natural gas (LNG) contracted from Qatar, Norway and the USA, was tenfold higher than the growth of imports of natural gas from Russia. Compared to purchases of gas from Russia, a rise in LNG imports was also greater in terms of volume.
The President of the Energy Regulatory Office has approved a 5.9% increase in the price of gas fuel for PGNiG Obrót Detaliczny customers. The subscription fee and the distribution fee, which was reduced by 7.37% in March 2018, will remain unchanged. The change in the tariff is due to rising gas, oil and energy prices on global markets. The new tariff will be effective from August 10th to December 31st 2018.
The ad hoc Arbitral Tribunal in Stockholm ruled in the partial award that the contractual condition for PGNiG to demand a revision of the price of gas supplied to Poland under the Yamal Contract had been met.
Polish Oil & Gas Company (PGNiG) and Venture Global LNG have entered into an agreement relating to the terms of delivery of liquefied natural gas from Calcasieu Pass LNG and Plaquemines LNG facilities.
Polish Oil & Gas Company (PGNiG) and Port Arthur LNG, a subsidiary of Sempra LNG & Midstream, today announced they have entered into an agreement relating to the terms of delivery of liquefied natural gas from the Port Arthur liquefaction facility.
Polskie Górnictwo Naftowe i Gazownictwo has signed agreements with two US LNG producers for long-term LNG purchase contracts. The Company consistently pursues its strategic objectives by building a diversified gas supply portfolio and expanding its trading activity on international LNG markets.
MiniDrill is an innovative solution that can increase hydrocarbon production and reduce drilling costs. The project’s first phase has just been completed.
Q1 2018 net profit at PLN 1.57bn on revenue of PLN 13.25bn. Share of gas from across Poland’s eastern border continued to decline, from 84% to 78% of total imports over the year. Volumes of LNG imports to Poland up 31% over Q1 2017.
Polskie Górnictwo Naftowe i Gazownictwo S.A. obtained commercial gas flows from the Królewska Góra-1K borehole, located in Budy Głogowskie, Rzeszów county. The Company estimates that the new deposit may yield approximately 20 mcm of high-methane gas per year.
The Norwegian Ministry of Petroleum and Energy has approved the geological documentation and development plans for two fields in which PGNiG Upstream Norway holds interests. Production is planned to begin in 2020.
Polish Oil and Gas Company (PGNiG) and ORLEN Upstream commenced drilling of another well under their joint project Płotki. Work on the Chwalęcin-1K borehole will take approximately 80 days. In addition, the two companies are getting ready to develop another field.
Polish Oil and Gas Company (PGNiG SA) has signed a memorandum of understanding forging a strategic partnership with the second largest gas producer in Pakistan. The MOU provides for the parties’ cooperation in the upstream segment within and outside of Pakistan.
Net profit of the PGNiG Group rose by 24%. EBITDA rose by 10% y/y, and EBIT increased by 16%, reaching PLN 3.91bn. The Group’s revenue grew to PLN 35.86bn, up by 8% y/y.
Naftogaz and Poland’s PGNiG have signed a contract for urgent gas supplies following the yesterday’s Gazprom’s decision to refuse starting supply of gas to Naftogaz, which happened a day after the announcement of the award of the Stockholm Tribunal.
