PGNiG and Venture Global LNG Agree New Purchase of 1.5 MTPA of LNG
In connection with the state visit of the President of Poland, Andrzej Duda to Washington D.C., the Polish Oil and Gas Company (PGNiG) has signed, in the Eisenhower Executive Office Building of the White House, an agreement with Venture Global LNG to purchase an additional 1.5 million tonnes per annum (MTPA) of liquefied natural gas (LNG). United States Secretary of Energy, Rick Perry and Secretary of State for Strategic Energy Infrastructure of Poland, Piotr Naimski attended the signing ceremony.
Tommeliten Alpha Project passes important decision gate towards production in 2024
PGNiG Upstream Norway and its partners decided to move to Select Phase of the project during which key technical decisions regarding the field development will be made. This will lead to a final selection of the development concept scheduled for Q3 2020.
PGNiG purchased interest in another gas field in Norway
PGNiG Upstream Norway will acquire 22.2 percent of shares in King Lear field – PL146 and PL333 licenses – from Total E&P Norge. The volume of production in the part attributable to PGNiG may reach 0.25 bcm of natural gas annually. The production start is planned for 2025.
PGNiG on route to production form Ærfugl gas reservoir in the Norwegian Sea
The first well is expected to start production in June 2020. By the end of the year the next three wells will commence production. The Ærfugl project will be developed using innovative technical solutions.
PGNiG and the PGI-NRI awarded the Teraz Polska Badge of Quality
The technology for pre-mining extraction of coal bed methane using hydraulic fracturing was awarded the prestigious Teraz Polska Badge of Quality in the 12th edition of the Innovation Projects Competition. The method was developed by a consortium comprising Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) and the Polish Geological Institute – National Research Institute (PGI-NRI).
PGNiG – strategic gas supplier for Grupa Azoty until 2022
On May 23, 2019 companies from Grupa Azoty submitted statements to PGNiG SA (Polish Oil and Gas Company) extending the validity of contracts for the supply of natural gas until September 30, 2022.
PGNiG develops its production business in Pakistan
The Operating Branch of Polish Oil and Gas Company in Pakistan started drilling the Rehman-6 production well in the Rehman field.
PGNiG Group posts over one billion in net profit for the first quarter of 2019
The Group’s revenue rose to PLN 14.34bn in the first three months of the year, with consolidated EBITDA at PLN 2.16bn and EBIT at PLN 1.38bn. Net profit earned by the Group came to PLN 1.06bn.
May 10th 2019 PGNiG launches LNG deliveries to Ostrobramska Bus Depot
The Ostrobramska Bus Depot in Warsaw has received its first delivery of liquefied natural gas under a contract signed between PGNiG Obrót Detaliczny and the municipal bus company Miejske Zakłady Autobusowe of Warsaw on April 17th 2019 for the supply of LNG for 35 environmentally friendly natural gas-powered buses.
Port Arthur terminal authorized to export LNG out of the FTA zone
The US Department of Energy approved the export of LNG from Port Arthur LNG to non-FTA countries. The liquefaction and export facility is scheduled for launch in 2023. Cargoes of liquefied natural gas exported from this terminal will be received, among others, by PGNiG.
Federal permit for Port Arthur LNG
The Management Board of PGNiG SA welcomed the approval of the US Federal Energy Regulatory Commission (FERC) for the construction of the Port Arthur liquefaction terminal in Jefferson County, Texas, on the Gulf of Mexico, which is due to start operating in 2023.
PGNiG Termika: construction of a new EC Żerań unit at the halfway point
The most modern gas and steam unit in Poland will warm up Warsaw residents next year. Thanks to it, EC Żerań will be able to produce 4 TWh of electricity and 1.9 TWh of heat energy.
Coal-bed methane-fueled power generation unit launched by PGNiG in Gilowice
Polish Oil and Gas Company has brought on stream a 0.9 MW power generation set fueled with coal-bed methane (CBM) extracted experimentally by the Company in Upper Silesia.
PGNiG purchased another spot cargo of US LNG
Polish Oil and Gas Company expects LNG supply from the USA to arrive at the President Lech Kaczyński LNG Terminal in Świnoujście on April 3.
PGNiG will lease a drilling platform in the Norwegian Sea
PGNiG Upstream Norway and Aker BP have signed a contract for the lease of a semi-submersible drilling rig. In autumn, the exploration well will start to be drilled on the Shrek prospectus within PL838 license. For the PGNiG Group, it will be the first drill well in the role of an operator on the Norwegian Continental Shelf.
Another LNG spot cargo arriving in Świnoujście – it is the fourth spot delivery this year already
Liquefied natural gas will come to Poland from Norway on March 21, 2019. This is the twelfth spot delivery to the President Lech Kaczyński LNG Terminal in Świnoujście since the facility started its operations.
LOTOS and PGNiG: first commercial bunkerings of ships with LNG in Polish seaports
PGNiG and LOTOS conducted two commercial bunkerings of liquefied natural gas (LNG) between 13th and 18th of March 2019. These are the first operations of this kind carried out at seaports in Gdańsk and Gdynia. The companies continue their cooperation in this area – it will strengthen the competitiveness of Polish ports and popularize the LNG's ecological fuel in the Baltic Sea.
PGNiG Group: stable increase in financial results in 2018 despite sudden fluctuations in energy markets
In 2018, the PGNiG Group’s net profit amounted to PLN 3.2bn and rose by 10 percent. EBITDA amounted to PLN 7.1bn and rose by 8 percent y/y. EBIT was up 12 percent, to nearly PLN 4.4bn. The Group’s revenue grew to PLN 41.23bn,up by 16 percent y/y.
“Digital Field” will boost the efficiency of oil and gas production
Polskie Górnictwo Naftowe i Gazownictwo has developed the Integrated Field Management System which will optimise the Company's production activities. In addition to improving operational and financial performance at home, the new tool will support PGNiG’s expansion into foreign markets.
PGNiG's statement concerning the decision of the governments of Poland and Lithuania
Polskie Górnictwo Naftowe i Gazownictwo SA welcomes the decisions of the Governments of the Republic of Poland and the Republic of Lithuania announced on 27th and 28th of February 2019. The governments of both countries decided to join PGNiG SA in the court proceedings initiated by the Company with an action against the decision of the European Commission on a commitment agreement between the European Commission and Gazprom concluding the proceedings on the alleged abuse of dominance of Gazprom on the markets of eight European Union countries (case AT.39816).