Statement of President of the Management Board, PGNiG
on the incident in Austria
PGNiG starts drilling new production well in Pakistan
A fifth well in the Rehman field will allow the company to increase its natural gas output. PGNiG is currently producing almost 0.5 mcm of natural gas per day from Pakistani fields, with a total of over 300 mcm extracted since mid-2013. All gas output is sold on the local market.
Baltic Pipe economic testing finalized with a positive result – a stepping stone for PGNiG strategic project of Norwegian Corridor
With the positive result, capacity booking procedure for the Norwegian Corridor is finally confirmed. The corridor will bring natural gas from Norwegian continental shelf and the North Sea to Poland.
PGNiG signed a 5-year contract for LNG with Centrica
The Polish Oil and Gas Company Group (PGNiG) has signed a five-year contract for LNG supply sourced from Sabine Pass LNG Terminal, USA, with Centrica LNG Company Limited (Centrica).
PGNiG: YTD net profit after Q3 2017 up 51% year on year
For the nine months of 2017, the Group delivered improvement of all key financials, earning PLN 2.5bn in net profit.
Statement by PGNiG SA on the start of another renegotiation of gas prices from the PAO Gazprom and OOO Gazprom Export
PGNiG SA continues its gas price review proceeding against PAO Gazprom and OOO Gazprom Export in the Stockholm Arbitration Court, for gas delivered, since November 1, 2014, under the long-term gas supply contract of September 25th 1996.
PGNiG expansion in the Ukraine
A contract was signed by Polish Oil and Gas Company (PGNiG) and Ukrtransgaz transmission and storage network operator on cooperation in transportation of natural gas in the territory of the Ukraine.
PGNiG SA signed ticketing service contracts with eleven natural gas importers
With the ticketing service in place, the companies involved in natural gas imports to Poland no longer need to arrange the storage of mandatory stocks of natural gas on their own. Total volume of gas stocks kept by PGNiG on behalf of other companies amounts to nearly 370 000 MWh (about 33 million m3).
10 years of PGNiG in Norway: more and more licenses and good financial results
Over PLN 5.5 bn in sales revenue, 18 licenses and preparations for producing 2.5 bcm annually. Polish Oil and Gas Company (PGNiG) summed up a decade of its presence on the Norwegian Continental Shelf.
PGNiG purchased LNG from Norway
The cargo will be delivered by Statoil under a spot contract.
PGNiG ready to receive larger amount of LNG from abroad
Demand for gas in Poland and Central Europe is growing, which is reflected in the plans of Polish Oil and Gas Company (PGNiG). In order to increase the possibility of supplying more commodity to the region, the company reserved additional 35% of regasification capacity at the President Lech Kaczyński LNG Terminal in Świnoujście.
PGNiG Group reports stable growth in H1 2017
In the first six months of 2017, the PGNiG Group recorded about 15% year-on-year rise in the volumes of gas sold to external customers. Net profit increased by 65%, to almost PLN 2.1bn. The Group’s EBITDA came in at just under PLN 4.2bn for the first half of 2017, having increased 33% year on year. The first half year results are not weighed down by major impairments, in contrast to the same period last year, when impairment losses reduced consolidated EBITDA by over PLN 550m.
PGNiG has officially voiced a need for gas transmission capacity in the North-South Gas Corridor in the first phase of the Open Season procedure
Polish Oil & Gas Company has submitted its request in the first phase of the reservation procedure for gas transmission capacity to create a pipeline link between the Norwegian Continental Shelf deposits, Denmark and Poland.
PGNiG starts production of gas and crude oil from Gina Krog field in Norway
Located in the North Sea the Gina Krog field was brought on stream last Friday, at 17:00. PGNiG Upstream Norway is one of the four consortium partners, holding an 8% interest in the licence. The field’s recoverable reserves have been put at 218 million boe, the figure equal to last year’s total output from the Norwegian Continental Shelf.
Historic delivery of gas to Poland. PGNiG receives American LNG
Liquefied natural gas from Cheniere Energy has arrived at the President Lech Kaczyński LNG Terminal in Świnoujście. It is the first such delivery to Central and Eastern Europe. PGNiG plans to conclude more spot agreements.
World’s first International Centre of Excellence on Coal Mine Methane opened in Poland
Katowice, Poland, June 8, 2017 – The International Centre of Excellence on Coal Mine Methane in Poland was officially launched today, representing a milestone as the first of its kind in the industry. The expert institution operating under the auspices of the United Nations Economic Commission for Europe will contribute to the development of new methods of capturing and use of methane as a valuable energy source.
PGNiG delivers impressive results in first quarter 2017
In the first quarter of 2017, PGNiG reported a record-high EBITDA of PLN 2.77bn, up 16% year on year. During the period, PGNiG's revenue came in at PLN 11.65bn, up PLN 672m (6%) year on year. The Group also reported a strong increase in volumes of natural gas sales (up 11% y/y) and distribution (13% y/y).
On 19 May 2017 PGNiG SA submitted to European Commission its position on the commitments proposed by Gazprom in antitrust proceedings conducted by the EC.
PGNiG: The European Commission should fine Gazprom and create competitive conditions on the gas market
Polish Oil and Gas Company (PGNiG SA) presented its position on commitments submitted by Gazprom within the Commission's antitrust proceedings. The Polish company has indicated a long-standing violation of antitrust law by the Russian corporation and has proposed imposing a number of obligations on Gazprom.
Moody’s affirmed PGNiG’s Baa3 issuer rating with stable outlook
In its ratings rationale, Moody’s indicated strong financial standing of GK PGNiG, stable cash flows stemming from Distribution and Storage segments’ activities, as well as the Group’s dominant position on the Polish natural gas market.