President of URE approves new gas tariffs

The President of the Energy Regulatory Office (URE) has approved new gas tariffs for PGNiG S.A. and PGNiG Obrót Detaliczny Sp. z o.o. For wholesale customers (customers that buy gas for resale and end users with annual gas consumption exceeding 25 mcm), the average gas price was reduced by 6.1%–6.6%. In the case of retail customers (customers using gas for own needs), the average gas price fell by 2.1%–3.3%.

Qatargas delivers the first commissioning LNG cargo to Republic of Poland

Doha – Qatar, 12 December 2015: The vessel with first ever delivery of Liquefied Natural Gas (LNG) cargo arrived on December 11th, 2015, to the Polish LNG Receiving Terminal in Świnoujście. Qatargas Operating Company Limited delivered the cargo. PGNiG (Polish Oil & Gas) provided its assistance as an intermediary in LNG delivery according to the agreement with the Polskie LNG (Polish LNG) - the receiver of the resource used for commissioning of the facility.

Changes in the Management Board of PGNiG S.A.

On December 11th 2015, the Supervisory Board of PGNiG S.A. removed Mariusz Zawisza from his position as President of the Management Board, and Zbigniew Skrzypkiewicz and Jarosław Bauc from their positions as Vice-Presidents of the Management Board. Piotr Woźniak – Member of the PGNiG Supervisory Board, former Minister of the Economy, former Vice-Minister of the Environment and Chief National Geologist – was appointed acting President of the Company’s Management Board for the period from December 11th 2015 to March 11th 2016.

PGNiG opens its first gas production facility in Pakistan

Polskie Górnictwo Naftowe i Gazownictwo SA has opened its first natural gas production facility in Pakistan. The new facility will provide the basis for further work to fully develop the Rehman and Rizq fields, which will result in an eightfold increase in gas production from the Kirthar licence area.

LNG tanker Al Nuaman on its way from Qatar to Poland

The first supply of liquid natural gas (LNG) to the LNG terminal in Świnoujście will be delivered by Q-Flex vessel Al Nuaman. The LNG tanker was loaded in the Qatari port of Ras Laffan on November 19th 2015 and left for Poland during the night.

PGNiG Group delivers stable financial performance driven by oil production

In Q1−Q3 2015, the PGNiG Group posted almost PLN 2.16bn in net profit, similarly to the corresponding period in 2014, despite lower prices of crude oil and natural gas. This strong performance was attributable chiefly to the consistent pursuit of the Efficiency Improvement Programme in all Group companies.

Start of negotiations on natural gas supplies for the Puławy Power Plant

On October 22nd 2015, Polskie Górnictwo Naftowe i Gazownictwo SA, Elektrownia Puławy Sp. z o.o. and Grupa Azoty Zakłady Azotowe Puławy S.A. executed a trilateral agreement to enter into and conduct negotiations of a contract for the supply of gas fuel to the Puławy Power Plant.

PGNiG and Qatargas sign a new supplementary agreement to the LNG supplies contract

Polskie Górnictwo Naftowe i Gazownictwo SA and Qatar Liquefied Gas Company Ltd have signed a new supplementary agreement to the LNG supplies contract of June 29th 2009. Pursuant to the agreement, PGNiG and Qatargas have changed the terms on which the long-term contract will be performed in the first six months of 2016.

Changes on the Supervisory Board of PGNiG SA

On October 19th 2015 in Warsaw the Extraordinary General Meeting of PGNiG SA, acting at the request of the State Treasury, appointed Mr Grzegorz Nakonieczny to the Company’s Supervisory Board. Ms Agnieszka Woś was removed from the Supervisory Board.

PGNiG share price reaches another all-time high in 2015

PGNiG share price at an all-time high. On October 9th – after the opening of the day’s trading – the PGNiG share price reached its all-time high of PLN 7.03. Its previous high during a trading session was PLN 6.98, recorded on June 22nd 2015.