The Svea Court of Appeal in Stockholm rejected Gazprom’s complaint to set aside the partial award of the Arbitral Tribunal concerning the dispute over the pricing terms under the Yamal contract. The ruling is final.

PGNiG Upstream Norway and its licence partners have decided to go ahead with the development of the Gråsel field in the Norwegian Sea, targeting first production in the fourth quarter of 2021.

Working in partnership with ORLEN Upstream, Polish Oil and Gas Company (PGNiG) has successfully completed drilling of the Grodzewo-1 well in the municipality of Śrem. Based on the Company’s estimates, the well could produce up to 20 mcm of natural gas annually.

In the nine months to September 30th 2020, the PGNiG Group’s EBITDA and EBIT came in at nearly PLN 10.7bn and more than PLN 8.24bn, respectively. Despite low prices of oil and gas and the global economic downturn caused by the coronavirus pandemic, the PGNiG Group once again delivered robust financial performance and strong operating results.

PGNiG Upstream Norway and AkerBP have completed the drilling of an exploration well in the PL127C licence in the Norwegian Sea with a successful discovery of gas and oil reserves.

PGNiG Upstream Norway and its licence partners have brought on stream another three wells in the Ærfugl field. This will enable the company to increase its total output of natural gas on the Norwegian Continental Shelf to almost 1 bcm in 2021.

The drilling of an exploration well on the Warka prospect in licence PL1009 in the Norwegian Sea has been successfully completed. The well is located in an area where PGNiG Upstream Norway has conducted hydrocarbon exploration and production operations for many years now. Preliminary estimates put the recoverable resources of the new discovery at between 8 bcm and 30 bcm of natural gas and condensate.

On November 5th 2020, the first bunkering of a ship with liquefied natural gas (LNG) took place at a port supervised by the Maritime Authority of Szczecin. With the bunkering operation, PGNiG Obrót Detaliczny and LOTOS Asfalt have expanded the scope of their cooperation, which helps to strengthen the role of Polish ports and promotes LNG fuel in the Baltic Sea.

Chartered gas carriers will be used for trading liquefied natural gas contracted by PGNiG with American suppliers. Two modern tankers will enter service in 2023. Norwegian Knutsen OAS Shipping selected in the tender will be responsible for the delivery and servicing of vessels.

Polskie Górnictwo Naftowe i Gazownictwo has filed a request for the renegotiation of price terms of natural gas supplies under a long-term contract with Gazprom.