News
Print
20.12.2011
19.12.2011
Resignation of President of the Management Board of PGNiG SA
On December 19th 2011, Mr Michał Szubski, President of the Management Board of PGNiG SA, resigned from his position for compelling personal reasons. The Supervisory Board of PGNiG SA accepted his resignation with effect from the balance-sheet date, i.e. December 31st 2011.
15.12.2011
Production from the Skarv field may be launched in the second quarter of 2012
PGNiG Norway, a subsidiary of Polskie Górnictwo Naftowe i Gazownictwo SA, may have to postpone the launch of production from the Skarv field from the first to the second quarter of 2012 due to delays in the installation of production piping caused by adverse weather conditions in the Norwegian Sea.
13.12.2011
PGNiG Norway receives approval to double its stake in the exploration and production licence in Norway
PGNiG Norway, a subsidiary of Polskie Górnictwo Naftowe i Gazownictwo SA, has received approval from the Norwegian Ministry of Energy and Petroleum to double its interest in the PL558 licence on the Norwegian Continental Shelf following a purchase of a further 15% licence interest from Nexen Exploration Norge AS.
29.11.2011
President of the Polish Office of Competition and Consumer Protection gives clearance for PGNiG SA's acquisition of over 99.8% of Vattenfall Heat Poland S.A. shares
On November 29th 2011, the President of the Polish Office of Competition and Consumer Protection unconditionally approved the acquisition by a special purpose vehicle PGNiG SPV1 Sp. z o.o., a wholly-owned subsidiary of PGNiG SA, of 24,591,544 shares (over 99.8% interest) in Vattenfall Heat Poland S.A. (VHP).
21.11.2011
Standard & Poor’s upgrades the outlook on PGNiG SA
Standard & Poor's Financial Services, a rating agency, has revised the outlook on PGNiG SA from negative to stable. It has also affirmed the Company's "BBB+" rating.
10.11.2011
PGNiG records negative margins on gas sales
In the third quarter of 2011, the PGNiG Group posted PLN 319m in net profit, down by PLN 26m year on year, due mainly to a 4 pp drop in margin on sales of high-methane gas, from 2% in Q3 2010 to -2% in Q3 2011. The drop in margin was caused by a higher unit purchase price of imported gas, which went up by 27% year on year.
07.11.2011
Gas prices referred to arbitration in Stockholm
Polskie Górnictwo Naftowe i Gazownictwo SA's legal representative formally called OAO Gazprom and OOO Gazprom Export to participate in arbitration proceedings before the Arbitration Tribunal in Stockholm. The subject matter of the proceedings is a change of the current price terms of gas supplies to Poland.
25.10.2011
PGNiG Norway doubles its stake in the exploration and production licence in Norway
PGNiG Norway, a subsidiary of Polskie Górnictwo Naftowe i Gazownictwo SA, has doubled its interest in the PL558 licence on the Norwegian Continental Shelf following a purchase of a further 15% licence interest from Nexen Exploration Norge AS.
24.10.2011
PGNiG SA sells 10.2 billion cubic meters of gas in Q1-Q3 2011
In the first three quarters of 2011, Polskie Górnictwo Naftowe i Gazownictwo SA sold 10.2 billion cubic meters of natural gas, versus 10 billion cubic meters in the same period of 2010. Gas production volume rose to 3.2 billion cubic meters in the first three quarters of 2011, from 3.1 billion cubic meters in the same period of 2010.
