The PGNiG Group’s corporate venture capital fund PGNiG Ventures has acquired shares in Enelion, a provider of comprehensive solutions for electromobility. The first stage of the investment is worth PLN 2.53m, and its total amount may reach PLN 6m.

Gas-Trading, a PGNiG Group company, now owns three mobile liquefied natural gas regasification units used as a back-up or emergency source of gas fuel supply.

The Kraków Technology Park ScaleUP accelerator will assist in identifying and selecting startups with innovative projects that can be implemented by PGNiG. The best startups will be given financial and expert support and an opportunity to conduct pilot implementations. 

Polish Oil and Gas Company (PGNiG) received the fifth cargo of liquefied natural gas at the LNG reloading station in Klaipeda. During the first full year of its use, PGNiG loaded 327 tank trucks with a total volume of 5,856 tons of LNG for sale.

Polskie Górnictwo Naftowe i Gazownictwo SA and the Naftogaz Group, Ukraine’s national oil and gas company, signed a Memorandum of Understanding regarding cooperation in exploration of hydrocarbon resources and gas production in Ukraine. A potential cooperation will focus on the region which, in geological terms, is an extension of structures exploited by the Polish company for over 70 years.

PGNiG Ventures, the PGNiG Group’s corporate venture capital fund, has invested PLN 4m to buy an equity stake in ICsec, a Polish producer of industrial cybersecurity systems.

PGNiG Upstream Norway will buy all assets on the Norwegian Continental Shelf of the INEOS Group, which includes 22 production licences and an interest in the Nyhamna terminal. Following the transaction, the PGNiG Group’s annual gas production in Norway is expected to reach 4 billion cubic metres in 2027.

In 2020, the PGNiG Group earned revenue of approximately PLN 39.2bn. Its EBITDA came in at PLN 13bn, EBIT reached PLN 9.59bn, and net profit was PLN 7.34bn. The favourable change in the pricing formula under the Yamal contract has had a markedly positive effect on PGNiG’s financial performance.

In the Duva oil and gas field, in which PGNiG Upstream Norway holds a 30% interest, installation of subsea trees has been successfully completed. Thanks to the installation method used, it was possible to significantly reduce the costs of the operation and the associated carbon dioxide emissions.

Opinion of the Advocate General of the Court of Justice of the EU has confirmed the need to apply the principle of energy solidarity. The opinion will have a significant influence on the judgment to be passed on the rules of use of the OPAL pipeline, with implications for the Nord Stream 1 pipeline and the Nord Stream 2 project.