EU Court of Justice recognises the legitimacy of the Polish company PGNiG's complaint and suspends the execution of the EC's decision of October 28, 2016 with respect to the OPAL gas pipeline
On December 23, 2016, the EU Court of Justice issued a decision to suspend execution of the EC's decision of October 28, 2016. The decision allowed Gazprom to access 80-90% of the OPAL pipeline's transmission capacity. The request to suspend the execution of the EC's decision was submitted by PGNiG Supply and Trading GmbH on December 4, 2016 and the Government of the Republic of Poland on December 16, 2016.
Polish government supports PGNiG in OPAL case
POLISH GOVERNMENT SUPPORTS PGNiG'S ATTEMPTS TO CHALLENGE COMMISSION DECISION ON OPAL GAS PIPELINE
PGNiG BRINGS LEGAL ACTION BEFORE THE GERMAN COURT WITH RESPECT TO AN AGREEMENT BETWEEN GERMAN NATIONAL REGULATORY AUTHORITY (BUNDESNETZAGENTUR) AND GAZPROM
Due to unprecedented steps on the part of the German National Regulatory Authority (NRA) Bundesnetzagentur and the operator of the OPAL gas pipeline, on December 15, 2016 PGNiG Polish Oil and Gas Company (PGNiG SA) has brought legal action before a German court with respect to the agreement between Bundesnetzagentur, Gazprom, Gazprom Export, and OPAL Gastransport GmbH on the exemption of Gazprom from the principle of third party access to the capacity of the OPAL gas pipeline. On December 16, 2016, the Polish government has also brought European Commission's decision with respect to the OPAL gas pipeline to the Court of Justice of the European Union. Piotr Woźniak, CEO of PGNiG SA, emphasized that the Polish government and PGNiG SA consider the actions undertaken by the Commission, the German NRA and Gazprom with respect to the OPAL gas pipeline as the real threat to the energy security and stability of gas supply to Poland and the European Union.
PGNiG: 14 charges against the European Commission on OPAL case
PGNiG with 14 charges against the European Commission’s decision on the OPAL gas pipeline and bringing an urgent action to the European Court of Justice.
Update on events in Pakistan
Information about abduction of employees of Pakistani contractor of Geofizyka Kraków SA.
PGNiG and Palomar Natural Resources Group sign gas contract
Polish Oil & Gas Company – PGNiG SA signed commercial agreement with international private E&P Group Palomar Natural Resources for the purchase of natural gas that will be produced at Rawicz Gas Field in western Poland. Palomar became the first independent foreign company in Poland to start large-scale gas production.
PGNiG doubles gas production in Pakistan
Polish Oil and Gas Company (PGNiG SA) started gas production from Rizq deposit and drilling of another well in Rehman deposit. The company’s gas production in Pakistan exceeded 0,5 mcm per day.
PGNiG: Increased Gazprom access to OPAL gas pipeline is extremely disadvantageous to all CEE countries
On October 28th 2016, the European Commission announced that it would increase Gazprom access to the OPAL pipeline capacity. As the text of the decision has not been disclosed to the public yet, PGNiG Polish Oil & Gas Company is unable to take any legal steps. Therefore, today PGNiG has requested the Commission to promptly publish the OPAL decision.
PGNiG Group: PLN 1.62bn net profit in Q3 2016
In Q3 2016, the PGNiG Group generated revenue of PLN 23.05bn. The volume of natural gas sales increased by 3% (0.5bcm), and the volume of distributed gas was up by 7% (0.5bcm). The Group also derived higher revenue from sales of heat. In the first 10 months of 2016, the Group secured new contracts with major gas customers, strengthened its heat generation business, and launched an attractive offering for households.
PGNiG and National Iranian Oil Company sign memorandum of understanding
On November 5, 2016 in Teheran PGNiG POlish Oil & Gas Company and the National Iranian Oil Company signed a memorandum of understanding about cooperation on Soumar oilfield. Geological resources of Soumar comprise about 475 million oil barrells. Following a geological and resource analysis that could take up about six months PGNiG will decide on potential investment.