Gas consumption in Poland is on the rise. Share of gas purchased from Russia is in decline, while imports of LNG have grown

In relation to media releases shared by Gazprom, PGNiG informs that the growth of imports of liquefied natural gas (LNG) contracted from Qatar, Norway and the USA, was tenfold higher than the growth of imports of natural gas from Russia. Compared to purchases of gas from Russia, a rise in LNG imports was also greater in terms of volume.

Favourable award of the Arbitral Tribunal in the dispute against Gazprom

The ad hoc Arbitral Tribunal in Stockholm ruled in the partial award that the contractual condition for PGNiG to demand a revision of the price of gas supplied to Poland under the Yamal Contract had been met.

PGNiG and Venture Global LNG sign agreement for the sales and purchase of LNG from the USA

Polish Oil & Gas Company (PGNiG) and Venture Global LNG have entered into an agreement relating to the terms of delivery of liquefied natural gas from Calcasieu Pass LNG and Plaquemines LNG facilities.

PGNiG and Port Arthur LNG sign agreement for the sales and purchase of LNG from the U.S.

Polish Oil & Gas Company (PGNiG) and Port Arthur LNG, a subsidiary of Sempra LNG & Midstream, today announced they have entered into an agreement relating to the terms of delivery of liquefied natural gas from the Port Arthur liquefaction facility.

PGNiG and AGH are jointly developing a new drilling technology

MiniDrill is an innovative solution that can increase hydrocarbon production and reduce drilling costs. The project’s first phase has just been completed.

PGNiG Group’s Q1 2018 performance stable, revenue up 14% y/y

Q1 2018 net profit at PLN 1.57bn on revenue of PLN 13.25bn. Share of gas from across Poland’s eastern border continued to decline, from 84% to 78% of total imports over the year. Volumes of LNG imports to Poland up 31% over Q1 2017.

New gas field near Rzeszów

Polskie Górnictwo Naftowe i Gazownictwo S.A. obtained commercial gas flows from the Królewska Góra-1K borehole, located in Budy Głogowskie, Rzeszów county. The Company estimates that the new deposit may yield approximately 20 mcm of high-methane gas per year.

Development plans for the Ærfugl and Skogul fields approved

The Norwegian Ministry of Petroleum and Energy has approved the geological documentation and development plans for two fields in which PGNiG Upstream Norway holds interests. Production is planned to begin in 2020.

PGNiG and ORLEN Upstream continue exploration for natural gas in the region of Wielkopolska

Polish Oil and Gas Company (PGNiG) and ORLEN Upstream commenced drilling of another well under their joint project Płotki. Work on the Chwalęcin-1K borehole will take approximately 80 days. In addition, the two companies are getting ready to develop another field.

PGNiG forges cooperation with Mari Petroleum Company Limited of Pakistan

Polish Oil and Gas Company (PGNiG SA) has signed a memorandum of understanding forging a strategic partnership with the second largest gas producer in Pakistan. The MOU provides for the parties’ cooperation in the upstream segment within and outside of Pakistan.