PGNiG TERMIKA S.A. purchased 100% of the shares in Przedsiębiorstwo Energetyki Cieplnej S.A. of Jastrzębie-Zdrój for PLN 190.4m. “Today’s transaction will increase our share in the district heating market, which is in line with the objectives of the PGNiG Group’s strategy,” said Piotr Woźniak, PGNiG S.A.’s Chief Executive Officer.

On April 26th 2016, an agreement to launch operations of Polska Grupa Górnicza (PGG) was signed. The investors will engage with PGG on market terms and will closely monitor the implementation of the company’s business plan. Analyses have been carried out that indicate that the investment will yield positive returns.

Marek Woszczyk has been appointed the new CEO of PGNiG Upstream International AS.

The President of the Energy Regulatory Office (URE) has approved new gas tariffs for PGNiG SA and PGNiG Obrót Detaliczny. The average price of gas to be paid by wholesale customers (resellers and end consumers with an annual consumption in excess of 25 mcm) has been reduced by approximately 9.5% in the case of high-methane gas and 8.3% in the case of nitrogen-rich gas. Retail gas prices to be charged by PGNiG Obrót Detaliczny sp. z o.o have been lowered by an average of 5.5%.

In 2015, the PGNiG Group earned over PLN 2.1bn in net profit. This solid result was achieved despite record low prices of crude oil and gas globally. Contributors to the net profit included continued low costs of gas and strong operating performance of the Distribution and Generation segments.

On February 25th 2016, the General Meeting of EuRoPol GAZ S.A., which manages the Polish section of the Yamal gas pipeline, appointed − on PGNiG S.A.’s recommendation − Mr Piotr Tutak as President of the Management Board and Mr Krzysztof Rogala as its Second Vice-President.

During its meeting on February 10th 2016, the Supervisory Board of PGNiG SA closed the qualification procedure in which it assessed candidates to the Company’s Management Board.

On February 8th 2016, the Al Nuaman vessel, carrying the second supply of liquefied natural gas (LNG) for the commissioning of the LNG terminal in Świnoujście, reached the port.