News
The PGNiG Group’s corporate venture capital fund PGNiG Ventures has acquired shares in Enelion, a provider of comprehensive solutions for electromobility. The first stage of the investment is worth PLN 2.53m, and its total amount may reach PLN 6m.
Gas-Trading, a PGNiG Group company, now owns three mobile liquefied natural gas regasification units used as a back-up or emergency source of gas fuel supply.
The Kraków Technology Park ScaleUP accelerator will assist in identifying and selecting startups with innovative projects that can be implemented by PGNiG. The best startups will be given financial and expert support and an opportunity to conduct pilot implementations.
Polish Oil and Gas Company (PGNiG) received the fifth cargo of liquefied natural gas at the LNG reloading station in Klaipeda. During the first full year of its use, PGNiG loaded 327 tank trucks with a total volume of 5,856 tons of LNG for sale.
Polskie Górnictwo Naftowe i Gazownictwo SA and the Naftogaz Group, Ukraine’s national oil and gas company, signed a Memorandum of Understanding regarding cooperation in exploration of hydrocarbon resources and gas production in Ukraine. A potential cooperation will focus on the region which, in geological terms, is an extension of structures exploited by the Polish company for over 70 years.
PGNiG Ventures, the PGNiG Group’s corporate venture capital fund, has invested PLN 4m to buy an equity stake in ICsec, a Polish producer of industrial cybersecurity systems.
PGNiG Upstream Norway will buy all assets on the Norwegian Continental Shelf of the INEOS Group, which includes 22 production licences and an interest in the Nyhamna terminal. Following the transaction, the PGNiG Group’s annual gas production in Norway is expected to reach 4 billion cubic metres in 2027.
In 2020, the PGNiG Group earned revenue of approximately PLN 39.2bn. Its EBITDA came in at PLN 13bn, EBIT reached PLN 9.59bn, and net profit was PLN 7.34bn. The favourable change in the pricing formula under the Yamal contract has had a markedly positive effect on PGNiG’s financial performance.
In the Duva oil and gas field, in which PGNiG Upstream Norway holds a 30% interest, installation of subsea trees has been successfully completed. Thanks to the installation method used, it was possible to significantly reduce the costs of the operation and the associated carbon dioxide emissions.
Opinion of the Advocate General of the Court of Justice of the EU has confirmed the need to apply the principle of energy solidarity. The opinion will have a significant influence on the judgment to be passed on the rules of use of the OPAL pipeline, with implications for the Nord Stream 1 pipeline and the Nord Stream 2 project.
Klaipėda LNG (liquefied natural gas) reloading station operated by Klaipėdos Nafta has reached double achievement: the 1000th LNG truck loading operation (counting since the start of operations of this facility), as well as the 300th LNG truck loading for PGNiG, the sole user of the station.
Polish Oil and Gas Company (PGNiG) is going to test a system forreal time balancing of electricity from distributed generation sources. This will be made possible by remote reading of meter data and management of distributed electricity consuming devices. Among other things, the solution created by TruBlu, a start-up based in Rzeszów, will facilitate avoiding energy losses.
Polish Oil and Gas Company (PGNiG) has successfully completed drilling of another six wells in the south-eastern part of Poland. Future production from the wells is estimated at some 60 mcm of gas annually.
Already more than 25 % of natural gas imported by PGNiG from abroad is LNG. Imports of liquefied natural gas in 2020 amounted to over 3.76 bcm after regasification, which is an increase of nearly 10 % compared to 2019.
Polish Oil and Gas Company (PGNiG) is set to reduce the amount of electricity and natural gas used by the Dębno Oil and Gas Production Plant in its processes by approximately 7000 MWh annually, which may deliver up to PLN 0.5m in cost savings every year. The Energy Efficiency Improvement Programme is being implemented across the PGNiG Group.
A major increase in gas consumption has been recorded in Poland over recent days. According to preliminary data, PGNiG supplied about 81 mcm (911 GWh) of natural gas last gas day (January 18th/19th 2021), setting a new record for daily gas supply volumes.
Polish Oil and Gas Company (PGNiG Group) has added new exploration licences to its portfolio on the Norwegian Continental Shelf. They were awarded by the Norwegian government in the APA 2020 licensing round. With the awards, the number of licences held by the PGNiG Group on the NCS has increased to 36.
A load of approx. 3000 cubic meters of LNG has arrived at the Klaipėdos Nafta (KN) reloading station. Since April 2020 the Polish Oil and Gas Company (PGNiG) has been the sole user of the facility. Already more than 4,000 tons of LNG have been loaded into tank trucks for delivery to customers since then.
On January 12, 2021 Polish Power Exchange (TGE) and the Polish Oil and Gas Company (PGNiG) signed a cooperation agreement aimed at leveraging their mutual expertise and capabilities in creating a biomethane market in Poland.
The Norwegian petroleum authority has issued formal approvals for PGNiG Upstream Norway to acquire interests in licences covering the Kvitebjørn and Valemon fields in the North Sea. Having brought up the number of licences in which the company holds interests to 32, the new acquisitions will contribute to a substantial increase in the PGNiG Group’s gas production volume on the Norwegian Continental Shelf already in 2021.
