Companies of the Segment

Trade

PGNiG Obrót Detaliczny

PGNiG Obrót Detaliczny commenced operations on August 1st 2014. Following an amendment to the Energy Law which introduced the possibility of universal succession, Polskie Górnictwo Naftowe i Gazownictwo is now able to transfer contracts with customers automatically to its retail trade company. The organisational change consisted in separating retail and wholesale gas businesses, with retail customer service transferred to the new company.

PGNiG Obrót Detaliczny took those customers whose annual gas consumption was below 25 mcm in the year preceding the separation (including all households). 

The company’s core business is the sale of:

  • natural gas (high-methane and nitrogen-rich gas),
  • propane-butane gas,
  • electricity,
  • compressed natural gas (CNG),
  • liquefied natural gas (LNG).

The majority of PGNiG Obrót Detaliczny’s products are sourced from Towarowa Giełda Energii (Polish Power Exchange), where the company competes with other suppliers in the segment.

 

PGNiG Sales and Trading GmbH

In line with modifications of the development strategy, in early September 2014 the Management Board of PGNiG S.A. introduced a number of changes within its German company, PGNiG Sales & Trading GmbH. Robust development of PST’s business in wholesale and sales to end users is a crucial element of the new strategy.

To this end, PGNiG Sales & Trading GmbH has been split into two separate units, one taking over its wholesale operations (PGNiG Supply & Trading GmbH) and the other − the retail business (PST Europe Sales GmbH).

Both companies have a crucial role to play within the PGNiG Group, enabling it to increase its footprint in Western Europe’s energy markets. The PST companies are also a key business component in optimising the PGNiG Group’s gas sales portfolio. The purpose of their trading business is to maximise the benefits from such operations and tap PGNiG’s available potential. The gas wholesale business caters primarily to companies of the PGNiG Group, several dozen businesses in Poland (gas and electricity companies, cities and a number of large industrial companies), European companies, and several German and Polish customers operating near the Polish-German border.

As part of the retail business, gas is sold to households and SMEs in Germany and Austria. In line with the adopted development strategy, the PST companies are also preparing to enter the Polish market.

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Storage

Operator Systemu Magazynowania Sp. z o.o.

Operator Systemu Magazynowania Sp. z o.o. (OSM) was established in 2010 to ensure compliance with the requirements of Directive 2009/73/EC with respect to the legal separation of gas fuel storage functions from other types of business conducted by vertically integrated gas utilities. The company provides its gas fuel storage services at the Husów UGS, Wierzchowice UGS, Mogilno UGSC, Swarzów UGS, Brzeźnica UGS, and Strachocina UGS facilities.

As of June 1st 2012, OSM acts as the Storage System Operator. The company was also granted a licence by the President of the Energy Regulatory Office, valid from June 1st 2012 to May 31st 2022, authorising it to store gas fuels in storage facilities.

Operator Systemu Magazynowania Sp. z o.o. carries out settlements relating to storage services based on the rates provided for in the amendment to Gas Fuel Storage Tariff No. 1/2012 of December 17th 2012.

On July 1st 2013, Operator Systemu Magazynowania Sp. z o.o. was merged with INVESTGAS S.A. The purpose of the storage business reorganisation is to consolidate the Group’s storage assets and technical and management capabilities within OSM Sp. z o.o., which will improve the operating efficiency of the Trade and Storage segment.

As at December 31st 2014, the PGNiG Group made available a total of 2,523.5 mcm of working storage capacity for third party access and to OGP GAZ-SYSTEM S.A. Of this volume, 2,502.0 mcm was made available under long-term agreements and 21.5 mcm – under short-term agreements. 0.6 million cubic metres is the technical reserve capacity.