PGNiG signed a 5-year contract for LNG with Centrica

The Polish Oil and Gas Company Group (PGNiG) has signed a five-year contract for LNG supply sourced from Sabine Pass LNG Terminal, USA, with Centrica LNG Company Limited (Centrica).

PGNiG: YTD net profit after Q3 2017 up 51% year on year

For the nine months of 2017, the Group delivered improvement of all key financials, earning PLN 2.5bn in net profit.

Statement by PGNiG SA on the start of another renegotiation of gas prices from the PAO Gazprom and OOO Gazprom Export

PGNiG SA continues its gas price review proceeding against PAO Gazprom and OOO Gazprom Export in the Stockholm Arbitration Court, for gas delivered, since November 1, 2014, under the long-term gas supply contract of September 25th 1996.

PGNiG expansion in the Ukraine
A contract was signed by Polish Oil and Gas Company (PGNiG) and  Ukrtransgaz transmission and storage network operator on cooperation in transportation of natural gas in the territory of the Ukraine.
PGNiG SA signed ticketing service contracts with eleven natural gas importers

With the ticketing service in place, the companies involved in natural gas imports to Poland no longer need to arrange the storage of mandatory stocks of natural gas on their own. Total volume of gas stocks kept by PGNiG on behalf of other companies amounts to nearly 370 000 MWh (about 33 million m3).


10 years of PGNiG in Norway: more and more licenses and good financial results

Over PLN 5.5 bn in sales revenue, 18 licenses and preparations for producing 2.5 bcm annually. Polish Oil and Gas Company (PGNiG) summed up a decade of its presence on the Norwegian Continental Shelf.

PGNiG purchased LNG from Norway
The cargo will be delivered by Statoil under a spot contract.
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.

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.

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.