News
After the first six months of 2021, the PGNiG Group earned revenue of almost PLN 25bn, EBITDA of nearly PLN 5.2bn, and a net profit in excess of PLN 2.4bn. Gas sales volumes rose 8% year on year, to 18.2 bcm.
Polskie Górnictwo Naftowe i Gazownictwo and ERU Management Services have signed an agreement providing for the purchase by the Polish company of a controlling interest in Ukraine’s Karpatgazvydobuvannya, the sole holder of the Byblivska licence located in Western Ukraine, in an area adjacent to the Polish border.
PGNiG SA and PST welcomed today's judgment of the Higher Regional Court in Düsseldorf, recognizing the arguments of both companies and upholding the decision of the Federal Network Agency (BNetzA) to reject the application submitted by Nord Stream 2 AG for derogation from the provisions of the Third Energy Package.
PGNiG Upstream Norway, together with Neptune Energy, Idemitsu Petroleum Norge and Sval Energi, have launched hydrocarbon production from the Duva field on the Norwegian Continental Shelf. The investment, which will increase PGNiG’s natural gas production by 0.2 billion cubic meters per year, has exceptionally low carbon footprint.
TAURON and PGNiG signed a letter of intent regarding the possible sale of shares in Elektrociepłownia Stalowa Wola (ECSW) by the Tauron Group to the PGNiG Group. In September last year, the companies launched a 450 MW gas unit in Stalowa Wola. Currently, both companies own 50 percent of ECSW shares each.
PGNiG SA and PGNiG Supply & Trading submitted a request for granting participation in the certification procedure for Nord Stream 2 pipeline operator. This procedure will determine if the pipeline owner will gain a privileged position on the European gas market.
PGNiG Supply & Trading signed a contract for chartering two LNG carriers. The vessels will be built exclusively for the PGNiG Group and will enter service in the first half of 2024.
PGNiG signed agreements with Venture Global Calcasieu Pass, LLC and Venture Global Plaquemines, LLC to purchase another 2 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) for 20 years. As a result, the volume of LNG contracted from Venture Global LNG by PGNiG is to increase to 5,5 Mtpa.
Polish Oil and Gas Company (PGNiG) decided to terminate the SPA with Port Arthur LNG. The companies continue cooperation in order to shift the contracted volumes to other liquefaction projects from Sempra LNG’s portfolio.
The Court of Justice of the European Union has ruled that the European Commission violated the principle of energy solidarity by issuing a decision on the OPAL gas pipeline. The verdict strengthens Poland's energy security and may be important for the further fate of the Nord Stream 2 project.
The 500th LNG tanker truck containing liquefied natural gas loaded by PGNiG at the LNG reloading station in Klaipeda, Lithuania, drove off to the recipient. The dynamics of natural gas sales from that direction is clearly growing.
PGNiG Upstream Norway, together with Aker BP as the operator and other licence partners, commenced production from the Gråsel field. Thanks to the use of the existing infrastructure the investment was completed in record time.
Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) has launched the Smart Field project, which uses advanced digital technology to support oil and gas exploration and production operations. As one of its expected outcomes, the project will increase domestic recoverable natural gas reserves by more than seven billion cubic meters.
In the three months to March 31st 2021, Polish Oil and Gas Company (PGNiG) posted revenue of PLN 14.6bn, EBITDA of PLN 3.4bn and net profit of PLN 1.7bn. In addition to the solid financial performance, most operating results also showed improvement.
Polskie Górnictwo Naftowe i Gazownictwo has acquired a 25% interest in the Musakhel licence block in central Pakistan. The Company estimates the licence resources at 16 bcm of natural gas.
Models to predict potential equipment failures will support the operation of a gas-fired unit at the Żerań Combined Heat and Power Plant operated by PGNiG TERMIKA. This is another initiative born from PGNiG’s engagement with startups.
ORLEN Południe, an ORLEN Group company, and Polskie Górnictwo Naftowe i Gazownictwo have signed a letter of intent to strengthen cooperation in the development of renewable energy sources. The companies plan to set up a special purpose vehicle that will invest in the development of a network of biomethane plants. Using agricultural and waste substrates and residues from the processing industry, state-of-the-art plants would produce environmentally friendly biomethane which could be used in the industrial or power generation sectors.
PGNiG starts the second stage of exploration works in Ras Al Khaimah Emirate. The company is at the stage of making design and location arrangements for the first exploration well, which will provide an answer to the question about the production potential of the licence where PGNiG operates.
The PGNiG Group will step up efforts intended to help bridge Poland’s energy transition and will launch initiatives to achieve climate neutrality. Its focus until 2026 will be on enhancing the availability of natural gas, with parallel work on other projects, including those designed to harness biomethane and hydrogen.
PGNiG Upstream Norway and its licence partners have started drilling production wells in the Duva field, with first production expected in the third quarter of 2021.
