Locked content TGE electricity turnover up by over 100% in 2018

Poland’s commodities exchange (TGE), also known as the Polish Power Exchange, reported a record turnover on electricity and gas markets in 2018. The total volume of trade in electricity market amounted to 226.1 TWh, an increase of 102.5 percent y/y. On the gas market the turnover grew by 3.4 percent...

Locked content PSG to invest PLN 7.5 bln on gas network

Polska Spółka Gazownictwa, a subsidiary of state-controlled, WSE-listed PGNiG will invest up to PLN 7.5 billion by 2022 to expand its gas network and reach 300 new municipalities, the company said in a market filing. PM Mateusz Morawiecki announced on Thursday that gasification will be carried out i...

Locked content PGNiG to finalize two US LNG deals by end-2018

WSE-listed, state-run gas giant PGNiG hopes to sign at least two new long-term contracts for LNG supplies from the US by end-2018, deputy CEO Maciej Woźniak said. “In July this year, we announced 20-year contracts for LNG purchases, on the basis of ‘we buy this gas and buy it where we deem it approp...

Locked content Serinus Energy plans to start gas sales in Romania

Serinus Energy plans to start regular gas sales in Romania in the second half of August. In Q2 the company spudded Moftinu-1007 well, the depth of which is 1,463 meters. The well was tested and connected to the gas plant. In addition, Moftinu-1000 well launched production. Currently, Serinus is fina...

Locked content Serinus applies for share suspension between May 8 and10

Serinus has applied to the Warsaw Stock Exchange (WSE) for share suspension from May 8 to May 10, due to the transfer of its headquarters to Jersey in the Channel Islands and change of the ISIN number, the company said. Suspension is related to  granting the company a new ISIN to the shares. It is&#...

Locked content PGNiG sells 1 bln m3 gas to Ukraine

Since launching gas sales to Ukraine back in August 2016, WSE-listed gas giant PGNiG sold over 1 billion cubic meters of blue fuel to Kiev. In 2017, alone it sold over 700 million cubic meters. “We are happy with this result. The sale of natural gas to Ukraine is growing thanks to the pricing policy...

Locked content URE: more clients change their electricity and gas providers

According to data released by the Energy Regulatory Office URE, some 715k customers have changed their electricity provider at end-Q3. In the same period, 122k households and companies switched their gas providers. During the first nine months of the year, as many as 529k households decided to chang...

Locked content Gaz-System completes construction of Czeszów-Wierzchowice pipeline

  Gaz-System has completed the construction of the Czeszów-Wierzchowice gas pipeline, the company has announced. The value of the investment is PLN 91 million. The Czeszów-Wierzchowice high-pressure gas pipeline, about 14 km in length and 1,000 mm in diameter, is located in the Lower Silesian V...

Locked content PGNiG gas and oil sales up in IV 2016

Polish Oil and Gas Company (PGNiG) sold 7.37 billion cubic meters of gas in the fourth quarter of 2016 compared to 6.54 billion cubic meters in the same period of 2015. Sales of natural gas in the whole of 2016 amounted to 24.36 billion cubic meters, which was up slightly from 23 billion cubic meter...