On April 26th 2012, Elektrociepłownia Stalowa Wola signed a contract with Abener, a Spanish company and general contractor for the CCGT unit in Stalowa Wola. The contract, valued at PLN 1.57bn (VAT exclusive), provides for construction of Poland's largest gas-fired CHP plant and for long-term maintenance of the gas turbine.

PGNiG Norway, a subsidiary of Polskie Górnictwo Naftowe i Gazownictwo SA, was notified by BP, the operator of the Skarv project, of postponement of oil and gas production on the Norwegian Continental Shelf from Q2 2012 to Q4 2012. The postponement is caused by a delay in installation of risers due to adverse weather conditions on the Norwegian Sea.

The group of companies willing to cooperate in shale gas exploration is growing. ENEA has just joined in with TAURON Polska Energia, KGHM and PGE - the three listed companies which for several weeks now have been discussing possible cooperation in the exploration and production of unconventional gas with PGNiG.

Polskie Górnictwo Naftowe i Gazownictwo SA sold approximately 5.1 billion cubic metres of natural gas in Q1 2012, against 4.8 billion in Q1 2011, setting its new record of quarterly sales.

PGNiG SA's promotional video won the third place in the "2012 New York Festivals International Television & Film Awards" competition. It emerged as the best European film in the "Film and Video - Industrial Production" category. PGNiG's video is Poland's first corporate film to have been awarded in one of the world's most prestigious competitions. Entries from over 40 countries contended in this year's edition.

In accordance with a decision of the President of the Energy Regulatory Office, PGNiG SA will implement a new Gaseous Fuel Storage Tariff, effective as of March 31st 2013. In the new Tariff, the average rate of charges for gas storage services will be reduced by approx. 7.9%. 

In response to media reports, PGNiG SA wishes to inform the public that it has no intention of purchasing shares in Slovak Gas Industry (SPP).

On March 28th 2012, twenty PGNiG Group entities signed a multilateral memorandum of understanding regarding joint procurement. The MoU is designed to launch optimisation measures in each area of procurement where significant cost reduction is possible. According to the PGNiG Group's preliminary analyses, depending on the area of procurement, the measurable effect of the project will be a cut down in costs of 10%-35%. The estimated annual savings may amount to as much as several dozen million złoty.

Polskie Górnictwo Naftowe i Gazownictwo SA has embarked on the next stage of exploration for shale gas in south-eastern Poland. On March 26th 2012, drilling started in the Tomaszów Lubelski licence area in the Province of Lublin. The Lubycza Królewska borehole is being drilled by PNiG Kraków, a PGNiG subsidiary, and the project is managed by PGNiG SA Sanok Branch. The ceremony organised to mark the commencement of drilling work on the first shale borehole this year was attended by Mikołaj Budzanowski, the Minister of State Treasury, and Grażyna Piotrowska-Oliwa, CEO of PGNiG SA.

On March 22nd 2012, the Supervisory Board of Polskie Górnictwo Naftowe i Gazownictwo SA adopted a resolution ending the recruitment process to fill the posts of Vice-President of the Management Board for Corporate Matters and Vice-President of the Management Board for Sales.  The process ended without selecting any successful candidates.