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29.08.2017
PGNiG ready to receive larger amount of LNG from abroad

Demand for gas in Poland and Central Europe is growing, which is reflected in the plans of Polish Oil and Gas Company (PGNiG). In order to increase the possibility of supplying more commodity to the region, the company reserved additional 35% of regasification capacity at the President Lech Kaczyński LNG Terminal in Świnoujście.

18.08.2017
PGNiG Group reports stable growth in H1 2017

In the first six months of 2017, the PGNiG Group recorded about 15% year-on-year rise in the volumes of gas sold to external customers. Net profit increased by 65%, to almost PLN 2.1bn. The Group’s EBITDA came in at just under PLN 4.2bn for the first half of 2017, having increased 33% year on year. The first half year results are not weighed down by major impairments, in contrast to the same period last year, when impairment losses reduced consolidated EBITDA by over PLN 550m.

27.07.2017
PGNiG has officially voiced a need for gas transmission capacity in the North-South Gas Corridor in the first phase of the Open Season procedure

Polish Oil & Gas Company has submitted its request in the first phase of the reservation procedure for gas transmission capacity to create a pipeline link between the Norwegian Continental Shelf deposits, Denmark and Poland.

03.07.2017
PGNiG starts production of gas and crude oil from Gina Krog field in Norway

Located in the North Sea the Gina Krog field was brought on stream last Friday, at 17:00. PGNiG Upstream Norway is one of the four consortium partners, holding an 8% interest in the licence. The field’s recoverable reserves have been put at 218 million boe, the figure equal to last year’s total output from the Norwegian Continental Shelf.

08.06.2017
Historic delivery of gas to Poland. PGNiG receives American LNG

Liquefied natural gas from Cheniere Energy has arrived at the President Lech Kaczyński LNG Terminal in Świnoujście. It is the first such delivery to Central and Eastern Europe. PGNiG plans to conclude more spot agreements.

08.06.2017
World’s first International Centre of Excellence on Coal Mine Methane opened in Poland

Katowice, Poland, June 8, 2017 – The International Centre of Excellence on Coal Mine Methane in Poland was officially launched today, representing a milestone as the first of its kind in the industry. The expert institution operating under the auspices of the United Nations Economic Commission for Europe will contribute to the development of new methods of capturing and use of methane as a valuable energy source.

25.05.2017
PGNiG delivers impressive results in first quarter 2017

In the first quarter of 2017, PGNiG reported a record-high EBITDA of PLN 2.77bn, up 16% year on year. During the period, PGNiG's revenue came in at PLN 11.65bn, up PLN 672m (6%) year on year. The Group also reported a strong increase in volumes of natural gas sales (up 11% y/y) and distribution (13% y/y).

19.05.2017
PGNiG statement

On 19 May 2017 PGNiG SA submitted to European Commission its position on the commitments proposed by Gazprom in antitrust proceedings conducted by the EC.

 

18.05.2017
PGNiG: The European Commission should fine Gazprom and create competitive conditions on the gas market

Polish Oil and Gas Company (PGNiG SA) presented its position on commitments submitted by Gazprom within the Commission's antitrust proceedings. The Polish company has indicated a long-standing violation of antitrust law by the Russian corporation and has proposed imposing a number of obligations on Gazprom.

16.05.2017
Moody’s affirmed PGNiG’s Baa3 issuer rating with stable outlook

In its ratings rationale, Moody’s indicated strong financial standing of GK PGNiG, stable cash flows stemming from Distribution and Storage segments’ activities, as well as the Group’s dominant position on the Polish natural gas market.