Locked content Gas exports to Ukraine amounted to 33.96 mln m3 in H1 2018

Export of gas from Poland to Ukraine, carried out by five entities (including state-controlled oil and gas company PGNiG), totaled 33.96 million m3 in the first half of 2018, Deputy Minister of Energy Tomasz Dąbrowski informed. In 2017, the total volume of gas exports to Ukraine amounted to 1,173.2 ...

Locked content PGNiG to increase Norwegian production to 10 bcm

WSE-listed, state-run gas giant PGNiG hopes to increase its production from Norwegian deposits to 10 billion cubic meters (bcm) per year, according to its CEO Piotr Woźniak. “We will eventually target to have production from deposits in Norway at the level of 10 bcm, which is the equivalent of the B...

Locked content PGNiG Q2 net profit up at PLN 704 mln

WSE-listed gas giant PGNiG reported PLN 704 million of consolidated net profit in Q2 compared to PLN 499 million a year ago. Operating profit grew to PLN 969 million from PLN 768 million y/y. EBITDA rose to PLN 1.63 billion from PLN 1.41 billion y/y. Revenue amounted to PLN 7.64 billion. In H1 net p...

Locked content PKN Orlen and PGNiG discover gas deposit in Wielkopolska

PKN Orlen and PGNiG discovered a new gas deposit in Wielkopolska. The production capacity of the deposit was estimated at 50 million cubic meters of gas annually.  The deposit is located in the area of Płotki on the Śrem-Jarocin concession, PKN Orlen said. It was discovered by the Chwalęcin-1K well,...

Locked content PGNiG: share of gas imported from Russia declines

The share of gas imported to Poland from Russia systematically declines, despite slightly higher supply from Gazprom versus a year ago. The increase in delivery comes from the general increase of gas consumption in Poland, PGNiG said. On Thursday, Gazprom reported gas sales for the first seven month...

Locked content PGNiG sold 15.3 bln cubic meters of natural gas in H1

State-owned natural gas provider PGNiG sold an estimated 15.3 billion cubic meters of natural gas in H1 2018, compared to 14.17 billion cubic meters in H1 2017, the company stated. In Q2 sales amounted to an estimated 5.44 billion cubic meters compared to 5.3 billion cubic meters in the previous yea...

Locked content Arbitration court (partially) sides with PGNiG in row with Gazprom

The Arbitration Tribunal in Stockholm said that WSE-listed gas giant PGNiG is entitled to a reduction in gas prices purchased from Russian Gazprom retroactive to November 1, 2014, the company said in a market filing, The court, however, rejected the PGNiG’s cut proposal, deeming it “too aggressive.”...

Locked content PGNiG signs agreements for LNG supplies from US

WSE-listed gas giant PGNiG signed long-term agreements with two US producers of liquefied natural gas (LNG) Port Arthur LNG and Venture Global LNG.  PGNiG will receive 2 million tonnes of LNG per year from each US partner, which will correspond to a total of about 5.5 billion cubic meters of natural...

Locked content PGNiG with preliminary talks on investments in US LNG terminals

WSE-listed, state-run gas giant PGNiG has launched preliminary talks on potential investments in US LNG terminals, according to the government’s proxy for strategic energy infrastructure Piotr Naimski. “PGNiG is probing such possibilities, we know that the management is conducting preliminary ...