PGNiG: 24-year contract with Cheniere signed – deliveries of American LNG to Poland will commence in 2019
Polish Oil and Gas Company (PGNiG) and Cheniere Marketing International LLP have signed a long-term agreement for supplies of liquefied natural gas from the USA.
PGNiG prepares a development plan for another field in Norway
The gas reserves of the Fogelberg field are estimated at between 7 and 14 bcm. The start of commercial production is in line with the plans of PGNiG as the company seeks to increase the production of natural gas in Norway in order to supply it via the Baltic Pipe to Poland.
PGNiG to buy Tommeliten Alpha interest from Equinor
PGNiG Upstream Norway AS, part of the PGNiG SA Group, signed a sales and purchase agreement with Equinor (formerly Statoil) to buy into the Tommeliten Alpha gas and condensate field, located in the southern part of the Norwegian Continental Shelf in the greater Ekofisk Area. The transaction marks a next step in the implementation of the PGNiG Group's strategy and will allow for a significant increase in natural gas production outside Poland.
PGNiG and Venture Global LNG Announce LNG Sales and Purchase Agreements for 2 Million Tonnes Per Year
For a 20-year term, Polish Oil and Gas Company (PGNiG) will receive liquefied natural gas from the USA for domestic customers or for resale. Under the agreements, PGNiG will purchase LNG on a free on board (FOB) basis starting from the commercial operation date of the Venture Global Calcasieu Pass LNG export facility, currently expected in 2022, and the commercial operation date of the Venture Global Plaquemines LNG export facility, currently expected in 2023.
Press communication concerning complaint to the Court of Justice of the European Union on agreement with Gazprom.
PGNiG Group to step up production and roll out gas network in Zielona Góra and Poznań regions
The increased gas output will benefit the CHP plants in Gorzów Wielkopolski and Zielona Góra, supplying heat and electricity to local households and businesses. With new investment projects under way, more residents of the Zielona Góra province will gain access to the gas distribution network.
PGNiG: Breakthrough in Natural Gas Exploration in Podkarpacie Region
Within the next 5 years, natural gas extraction in Podkarpacie Region is set to rise by 28 per cent to 1.75 billion m3 a year, estimates Polish Oil and Gas Company (PGNiG SA). The new deposits will boost Polish energy security and contribute to regional development.
PGNiG: Natural gas consumption in Poland is rising, with LNG accounting for nearly 20 percent of imports
Basing on confirmed reports, the Company informs that between January-August 2018, LNG accounted for nearly 20 percent of imports, while natural gas from Russia accounted for ca. 74 percent of imports.
PGNiG and ERU’s new success in Ukraine
Polish Oil and Gas Company (PGNiG) and Energy Resources of Ukraine will supply natural gas to Ukrtransgaz, a gas transmission network and storage facilities operator.
Gazprom Plays for Time as it Challenges Partial Award of the Arbitration Court in Stockholm Issued in Favour of PGNiG
Arbitration Court in Stockholm informed that Gazprom challenged its partial award from 30 June, in which it agreed with PGNiG that the Company has contractual grounds to request a change in prices charged by Gazprom for natural gas supplied to Poland under the Yamal Contract.
PGNiG extends cooperation with Ukrtransgaz
PGNiG SA and Ukrtransgaz renewed the agreement for the storage of natural gas in Ukrainian underground gas storage facilities.
PGNiG to supply natural gas to Commercial Metals Company Poland
Polskie Górnictwo Naftowe i Gazownictwo SA has become the strategic supplier of natural gas to the Polish subsidiary of Commercial Metals Company, a global company that recycles and manufactures steel and metal products.
More and more LNG flows to Poland – 40 deliveries already
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.
INGA - first call for proposals completed
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 consolidates its position in Norway
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.
PGNiG Group: revenue and net profit growth in H1 2018
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.
PGNiG’s full-year report in a new interactive format
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.
Gas consumption in Poland is on the rise. Share of gas purchased from Russia is in decline, while imports of LNG have grown
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.
Change in household gas tariff
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.
Favourable award of the Arbitral Tribunal in the dispute against Gazprom
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.