Polish Oil and Gas Company (PGNiG) has started work on projects looking to use hydrogen for power generation and automotive applications. The company will explore the possibilities of storing and transmitting hydrogen through the gas network. In the future, it wants to launch commercial hydrogen sales (the “Company”) and related services. The company has just signed a contract for the design and construction of an experimental hydrogen refuelling station.
Polish Oil and Gas Company’s subsidiary PGNiG Upstream Norway has closed a transaction of February 2020 to purchase interests in two more fields. For PGNiG this means more own gas volumes, which are soon to flow to Poland via the Baltic Pipe.
Polskie Górnictwo Naftowe i Gazownictwo welcomes Gazprom's declaration on the application of the new price conditions of the Yamal contract established by final award issued by the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) of 30 March 2020.
Polish Oil and Gas Company (PGNiG) has received another supply of U.S. liquefied natural gas from Cheniere, continuing the cooperation between the two companies to provide secure supplies of natural gas to Poland. Under the 2018 contract between both companies, starting from 2023 the annual LNG volume to be delivered by the US producer will increase to 1.95 bcm after regasification.
Gazprom has failed to comply with the award issued by the Stockholm Arbitration Institute.
PGNiG Upstream Norway has started production from yet another field on the Norwegian Continental Shelf. The licence partners, including AkerBP as an operator and PGNiG as a partner, have brought on stream the first production well in the Ærfugl field, with further wells planned to start production later this year.
Polish Oil and Gas Company (PGNiG) has secured a certificate confirming its Energy Management System (EMS) has been implemented in compliance with the PN-EN ISO 50001:2012 standard. Effectively applied, the Energy Management System will contribute to enhancing energy performance by lowering energy costs and reducing the environmental footprint.
PGNiG has transferred over PLN 2m to the Central Clinical Hospital of the Ministry of the Interior and Administration in Warsaw as part of an aid programme run by the Ministry of State Assets. These funds will be used to purchase medical equipment and apparatus necessary in the fight against the coronavirus epidemic, such as ventilators and chest compression devices. This is one of the initiatives undertaken by the Company to support healthcare establishments through this difficult period.
Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG) has sold the first two LNG cargoes from the reloading station in Klaipėda. Since April 1st 2020, the Company has been the sole user of the station, located at the entrance to the Klaipėda port.
The PGNiG Ignacy Łukasiewicz Foundation and the Polish Association of the Deaf, with the support of the Ministry of Development Funds and Regional Policy, are launching a video helpline for deaf people who need information on the coronavirus. The line will operate on a 24/7 basis to ensure non-stop access to support and assistance.
As of April 1st 2020, Polskie Górnictwo Naftowe i Gazownictwo is the sole user of the small-scale LNG reloading station in Klaipėda, Lithuania, which gives the Company access to the Baltic Sea markets and allows it to optimise the logistics of LNG supplies to customers in North Eastern Poland.
The Russian company has for many years been overcharging and will now be required to refund nearly USD 1.5 billion to PGNiG.
Polish Oil and Gas Company (PGNiG) and its German subsidiary PGNiG Supply & Trading have been allowed to join a procedure in which Nord Stream 2 is seeking a derogation from the European Union’s Third Energy Package requirements.
The PGNiG Group will donate PLN 4m to finance measures undertaken in connection with the coronavirus epidemic. Out of this amount, PLN 1m will be transferred to healthcare centres in the towns where the Group companies operate. In the first place, the support will go to the Institute of Mother and Child, located in Warsaw’s Wola district next to the headquarters of PGNiG S.A.
In 2019, the PGNiG Group posted revenue of PLN 42.02bn, which represents a 2% percent year-on-year increase. EBITDA and net profit came in at PLN 5.5bn and PLN 1.37bn, respectively.
PGNiG Upstream Norway AS has entered into an agreement with Aker BP ASA whereby it will acquire an interest in the Alve Nord discovery and increase its share in the Gina Krog field, positioning itself to send greater volumes of gas to Poland after the start-up of the Baltic Pipe.
Polish Oil and Gas Company (PGNiG) will use the services of HugeTECH's IDEA Global accelerator. The cooperation will allow for the search and selection of startups whose innovative projects can be applied in the PGNiG Group. The undertaking is implemented as part of the second edition of the government's Scale Up program.
PGNiG Upstream Norway has obtained a final administrative consent to purchase additional 10% interests in the PL636 and PL636B licences in the North Sea.
Polskie Górnictwo Naftowe i Gazownictwo and the National Fund for Environmental Protection and Water Management have signed a partnership agreement to support the ‘Clean Air’ programme. Its primary aim is to facilitate the process of subsidising the switchover to gas-fired boilers, which will contribute to a reduction of particles and other pollutant emissions from detached houses.
