Polish Oil and Gas Company has received the hundredth supply of liquefied natural gas at the LNG Terminal Of President Lech Kaczyński in Świnoujście. The jubilee load came from Qatar. In total, so far PGNiG has imported approximately 11 bcm of LNG after regasification.

The annex signed between PGNiG SA and Gazprom confirms the application of a new pricing formula, as set out in the arbitral award. The parties also agreed that by July 1st 2020 Gazprom would transfer approximately USD 1.5bn (PLN 6.2bn) into PGNiG’s account to refund the overpayments for gas supplied in 2014-2020. 

Polish Oil and Gas Company (PGNiG) has received the first supply of liquefied natural gas delivered by sea at the LNG reloading station located in the sea port of Klaipėda, Lithuania. Since the beginning of April, when PGNiG became the sole user of the station, as many as over 50 LNG road tankers carrying a total volume of almost 1000 tonnes of LNG have been dispatched from the station.

By the end of this year Polish Oil and Gas Company (PGNiG) will present an updated strategy for the entire PGNiG Group. One new strategic initiative will be to build the segment of renewable energy sources. The Group may spend even as much as PLN 4bn on its creation and development.

Nearly PLN 13.8bn in revenue, with net profit of PLN 0.78bn and a 7% increase in natural gas sales, despite the challenging economic environment in Q1 FY20. The PGNiG Group reported solid financial results and improved its operating performance.

Polish Oil and Gas Company (PGNiG) has completed drilling and testing of the Paproć-66H production well in the municipality of Nowy Tomyśl. Digital oilfield, a modelling system, helped select and deploy the most efficient production solution. The planned annual production from the well is approximately 45m cubic metres of high-methane gas.

Production of crude oil and natural gas from a field within licence area PL460 in the North Sea started in March this year. Hydrocarbon reserves attributable to PGNiG Upstream Norway amount to approximately 3.3 mboe, of which approximately 3 million barrels are crude oil.

Starting from 2024, Polish Oil and Gas Company (PGNiG) will be able to import annually 8.3 bcm of natural gas after regasification via the President Lech Kaczyński LNG Terminal in Świnoujście following completion of a booking procedure for the regasification capacity that will be available to importers once the terminal has been extended.

The German energy market regulator – Bundesnetzagentur – declined granting a derogation for the Nord Stream 2 gas pipeline. It must therefore be subject to EU regulations. This is the success of Polish Oil and Gas Company (PGNiG SA) and its German subsidiary PGNiG Supply & Trading GmbH, which were involved within the derogation procedure.