News

The Norwegian company of PGNiG SA launched the first line of the heated gas pipeline serving the Ærfugl field. The installation is unique and opens new prospects for the development of subsea resources.

PGNiG Upstream Norway and Aker BP have started advanced design work on a Plan of Development and Operations for the King Lear field in the North Sea. Once operational, King Lear may increase PGNiG Group's natural gas production on the Norwegian Continental Shelf by 0.33 bcm a year.

Investments and projects to propel the development of Poland’s biomethane and hydrogen market were the topics addressed by Polskie Górnictwo Naftowe i Gazownictwo at one of the industry’s leading events. At this year’s World Petroleum Congress in Houston, the Polish gas incumbent was represented by Przemysław Wacławski, its Vice President for Finance.

After the nine months to September 30th 2021, the PGNiG Group posted nearly PLN 37.5bn in revenue, around PLN 7.4bn in EBITDA and PLN 3.1bn in net profit. The volume of gas sold was in excess of 24 bcm, a year-on-year increase of 8%.

On Tuesday, November 23rd 2021, Polskie Górnictwo Naftowe i Gazownictwo signed the Agreement on cooperation in developing a biogas and biomethane sector. Several dozen representatives of the PGNiG Group participated in the work on the project, which was initiated by the Ministry of Climate and Environment and the Government Representative for Renewable Energy.

Polskie Górnictwo Naftowe i Gazownictwo has become a partner of Space3ac. International teams that apply for the acceleration programme will have the opportunity to receive financial support and present their solutions to PGNiG.

The Federal Network Agency (BNetzA) has announced the suspension of the certification procedure for Nord Stream 2 gas pipeline operator. The reason for the suspension is that Nord Stream 2 AG at the current stage of the procedure does not meet the criteria for an independent transmission system operator, specifically the condition that operator must be organised in a legal form under German law.

PGNiG Upstream Norway, together with its licence partners, has applied for approval of plan for development and operation of the Tommeliten Alpha field in the North Sea. The production start-up is scheduled for 2024. In the peak period Tommeliten Alpha should increase company’s hydrocarbon output by 0.5 billion cubic meters of natural gas per year.

PGNiG Upstream Norway, together with its partners, launched another two wells on the Ærfugl field in the Norwegian Sea. Thanks to the completion of the investment, the Ærfugl reservoir will contribute approx. 0.57 billion cubic metres of natural gas per year to the Company’s production volume.

PGNiG Upstream Norway and its licence partners successfully completed a wildcat exploration well on the Egyptian Vulture prospect in the Norwegian Sea. The discovered reservoir may contain as much as 63 million barrels of crude oil.

Polskie Górnictwo Naftowe i Gazownictwo continues the efforts to renegotiate the price terms of natural gas supplies under a long-term contract with Gazprom.

PGNiG Supply & Trading in cooperation with the American-Ukrainian ERU Group won a tender for natural gas supplies to Republic of Moldova. This will be the first ever gas supply to that country from a non-Russian source.

Polish Oil and Gas Company (PGNiG SA) and PGNiG Supply & Trading (PST) have presented their position within the certification procedure of Nord Stream 2 operator. Both companies underlined the risks for security of gas supplies to the European Union resulting from launching of this pipeline.

Polish Oil & Gas Company has joined the Sectoral agreement for the development of a hydrogen economy in Poland, coordinated by the Polish Ministry of Climate and Environment. The document implements the provisions of the Letter of intent to establish a partnership for building a hydrogen economy and to enter into a sectoral hydrogen agreement signed in July 2020.

Polish Oil & Gas Company has completed the construction of Cluster B at the Kosakowo Cavern Underground Gas Storage Facility (UGSF), a project of strategic importance for Poland’s energy security.

The commencement of an operations optimisation process is chiefly related to meeting the needs of the energy transition. The proposed changes are to improve the efficiency of management processes, put the organisational structure in order and reduce operating costs and business risks. In this, PGNiG is drawing on the experience of leading oil and gas companies.

PGNiG (Polish Oil and Gas Company) and Qatar-based Black Cat Engineering & Construction signed a Memorandum of Understanding to cooperate on oil and gas production projects.

PGNiG Upstream Norway has just received approval from Norwegian authorities to acquire all assets of INEOS E&P Norge. Once the transaction is completed, the PGNiG Group will acquire a portfolio of promising upstream assets, set to meaningfully contribute to the delivery of its strategic objectives in natural gas production.

The German Federal Network Agency (Bundesnetzagentur, BNetzA) has granted Polskie Górnictwo Naftowe i Gazownictwo SA and its German subsidiary - PGNiG Supply & Trading GmbH participation in the certification proceedings for Nord Stream 2.

PGNiG (Polish Oil and Gas Company) signed amendments to agreements with American companies Venture Global Calcasieu Pass, LLC and Venture Global Plaquemines, LLC to purchase another 2 million tonnes per annum (MTPA) of liquefied natural gas for 20 years. As a result, the volume of LNG contracted from Venture Global LNG by PGNiG will increase up to 5,5 MTPA, which equals approximately 7.4 bcm following regasification.