News
Another cargo of liquefied natural gas is expected to arrive at the President Lech Kaczyński LNG Terminal in Świnoujście this Thursday, September 6th. It will be the 40th delivery of LNG to Poland.
The National Centre for Research and Development (NCBR) has selected winning projects in the first call for proposals under the INGA Joint Venture Program, carried out in partnership with Polish Oil and Gas Company (PGNiG) and GAZ-SYSTEM SA. Support will be granted to innovative projects that should contribute to enhancing the Polish gas sector’s competitive strength.
PGNiG Upstream Norway (PGNiG UN) of the PGNiG Group is the first Polish company to drill a well in the Norwegian Sea as an operator.
Consolidated results of the PGNiG Group improved again, with H1 2018 revenue at PLN 20.89bn, EBITDA at PLN 4.3bn and net profit at PLN 2.27bn. The Group achieved further diversification of its import sources, with LNG deliveries as the main contributor.
Polish Oil and Gas Company has published its 2017 report, containing extended descriptions of the market and regulatory environment, as well as a section presenting the Group’s short- and long-term plans. The online version of the report is interactive and enables, for instance, data analysis and a more comprehensive understanding of the processes affecting shareholder value creation.
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.
The President of the Energy Regulatory Office has approved a 5.9% increase in the price of gas fuel for PGNiG Obrót Detaliczny customers. The subscription fee and the distribution fee, which was reduced by 7.37% in March 2018, will remain unchanged. The change in the tariff is due to rising gas, oil and energy prices on global markets. The new tariff will be effective from August 10th to December 31st 2018.
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.
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.
