The Svea Court of Appeal in Stockholm rejected Gazprom’s complaint to set aside the partial award of the Arbitral Tribunal concerning the dispute over the pricing terms under the Yamal contract. The ruling is final.
PGNiG Upstream Norway and its licence partners have decided to go ahead with the development of the Gråsel field in the Norwegian Sea, targeting first production in the fourth quarter of 2021.
Working in partnership with ORLEN Upstream, Polish Oil and Gas Company (PGNiG) has successfully completed drilling of the Grodzewo-1 well in the municipality of Śrem. Based on the Company’s estimates, the well could produce up to 20 mcm of natural gas annually.
In the nine months to September 30th 2020, the PGNiG Group’s EBITDA and EBIT came in at nearly PLN 10.7bn and more than PLN 8.24bn, respectively. Despite low prices of oil and gas and the global economic downturn caused by the coronavirus pandemic, the PGNiG Group once again delivered robust financial performance and strong operating results.
PGNiG Upstream Norway and AkerBP have completed the drilling of an exploration well in the PL127C licence in the Norwegian Sea with a successful discovery of gas and oil reserves.
PGNiG Upstream Norway and its licence partners have brought on stream another three wells in the Ærfugl field. This will enable the company to increase its total output of natural gas on the Norwegian Continental Shelf to almost 1 bcm in 2021.
The drilling of an exploration well on the Warka prospect in licence PL1009 in the Norwegian Sea has been successfully completed. The well is located in an area where PGNiG Upstream Norway has conducted hydrocarbon exploration and production operations for many years now. Preliminary estimates put the recoverable resources of the new discovery at between 8 bcm and 30 bcm of natural gas and condensate.
On November 5th 2020, the first bunkering of a ship with liquefied natural gas (LNG) took place at a port supervised by the Maritime Authority of Szczecin. With the bunkering operation, PGNiG Obrót Detaliczny and LOTOS Asfalt have expanded the scope of their cooperation, which helps to strengthen the role of Polish ports and promotes LNG fuel in the Baltic Sea.
Chartered gas carriers will be used for trading liquefied natural gas contracted by PGNiG with American suppliers. Two modern tankers will enter service in 2023. Norwegian Knutsen OAS Shipping selected in the tender will be responsible for the delivery and servicing of vessels.
Polskie Górnictwo Naftowe i Gazownictwo has filed a request for the renegotiation of price terms of natural gas supplies under a long-term contract with Gazprom.
The two companies will jointly develop a concept for a platform for system-based energy management and monitoring in the office buildings of PGNiG’s headquarters in Warsaw. The project is yet another example of close business relationships forged by PGNiG with young technology companies.
PGNiG Supply & Trading GmbH (PST), the international trading arm of the Polish Oil and Gas Company (PGNiG), and Ørsted Salg & Service A/S (Ørsted), a subsidiary of Ørsted A/S, have signed a multi-year contract for the sale and purchase of natural gas. The agreement covers a total volume of approx. 70 TWh (6.4 bcm) to be supplied between January 01st 2023 and October 01st 2028.
PGNiG Supply & Trading GmbH (PST), the international trading arm of the Polish Oil and Gas Company (PGNiG), and Aker BP ASA have signed a contract for the sales and purchase of natural gas produced on the Norwegian Continental Shelf. The supply of gas has started in October, 2020.
The European Commission believes hydrogen is the fuel that will take the EU a step closer to achieving climate neutrality. For PGNiG, as a company that seeks to build a complete range of capabilities in hydrogen production and use, this offers new opportunities for advancing green hydrogen technologies and a direct influence on EU regulations in this area.
Polish Oil and Gas Company (PGNiG) has entered into a non-disclosure agreement enabling the company to participate in the privatisation of the Ukrainian energy sector.
Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) has signed an investment agreement with Energy Resources of Ukraine (ERU) on a joint exploration and production project in Ukraine.
Today’s decision of the President of the Office of Competition and Consumer Protection (UOKiK) to impose a fine of PLN 29 billion on Gazprom and a total of PLN 234 million on the business partners engaged in Nord Stream 2 project confirms that the participants acted not only to the detriment of competition in the gas market, but also circumvented the competition laws concerning mergers. PGNiG agrees with the position of the UOKiK President.
The newly built CCGT unit in Stalowa Wola has just been placed in service, starting to supply power to Poland’s national grid.
Under a contract with Energy Resources of Ukraine (ERU), PGNiG will for the first time supply natural gas to Gas TSO of Ukraine. To date, PGNiG has already exported more than 3 bcm of natural gas to Ukraine.
Polish Oil and gas Company (PGNiG) will increase supplies of natural gas to KGHM Polska Miedź SA. Both companies have signed an additional individual contract under their existing framework agreement.