News - Corporate Portal

22.05.2012

PGNiG SA executed an agreement on its PLN 4.5bn 5-year domestic bond programme with ING Bank Śląski SA and Bank Polska Kasa Opieki SA. The first bond issue under the programme, for an amount of up to PLN 2bn, is to take place before the end of June 2012.

18.05.2012

PGNiG Technologie Sp.z o.o. (Naftomet Branch) has entered into another contract with Orlen Upstream Sp. z o.o. providing for the supply of shale gas production equipment. The contract, providing for the manufacture of six compact wellhead and christmas tree systems, will be performed in the coming months.

17.05.2012

On May 28th 2012, Polskie Górnictwo Naftowe i Gazownictwo SA, in consultation with the President of the Energy Regulatory Office (URE), will organise workshops devoted to underlying assumptions of the Gas Deregulation Programme. The workshops are designed to help prepare a common approach to the Programme, with due consideration given, to the extent possible, to opinions and comments presented by participants of the public consultations.

15.05.2012

In the first quarter of 2012, the PGNiG Group posted a PLN 297m net profit, down by 71% from PLN 1.025bn in Q1 2011. One of the main reasons behind the decline, despite a 27% growth in revenue (to nearly PLN 9bn), was a negative margin on sales of high-methane gas (-10%). This was, in turn, primarily attributable to a 41% increase in the unit purchase price of imported gas and lack of new tariff approval, for which PGNiG had applied already in October 2011.

11.05.2012

Mr Marek Karabuła, Vice-President of the Management Board of PGNiG SA in charge of Petroleum Mining since May 12th 2012, will serve as President of the Management Board of POGC Libya B.V. Consequently, on May 11th 2012, Mr Karabuła tendered resignation from his position on the PGNiG Management Board and his position as Chairman of the Supervisory Board of POGC Libya B.V. However, Mr Karabuła will continue to serve as member of the Supervisory Board of PGNiG Norway AS.

10.05.2012

The talks between the Management Board of PGNiG SA and PGNiG SA's Union Coordination Commission, which began on Wednesday, led to the signing of a new agreement concerning introduction of an annual bonus in place of the existing bonus from profit. The new bonus will be performance-linked.

10.05.2012

On May 9th 2012, the Supervisory Board of PGNiG SA adopted a resolution approving the Management Board's proposal to the General Meeting to transfer the 2011 balance-sheet profit of PLN 1.6bn to the Company's statutory reserve funds. The PGNiG Supervisory Board also endorsed the proposal to allocate retained earnings of PLN 72.5m to the Company's statutory reserve funds.

27.04.2012

Polskie Górnictwo Naftowe i Gazownictwo SA, in consultation with the President of the Energy Regulatory Office (URE), will organise workshops devoted to underlying assumptions of the Gas Deregulation Programme. The workshops are designed to help prepare a common approach to the Programme, with due consideration given, to the extent possible, to opinions and comments presented by participants of the public consultations.

26.04.2012

PGNiG SA has executed a mandate letter appointing ING Bank Śląski and Bank Polska Kasa Opieki SA to act as arrangers for its PLN 4.5bn 5-year domestic bond programme. The first bond issue under the programme, for an amount of up to PLN 2bn, is to take place before the end of June 2012.

26.04.2012

The Management Board of PGNiG SA has resolved to recommend to the General Meeting transferring the entire 2011 balance-sheet profit of PLN 1.62bn to the Company's statutory reserve fund. The PGNiG Management Board also proposed to allocate retained earnings of PLN 72,5m to the Company's statutory reserve funds.