Locked content PGNiG signs partnership deal with another Pakistani gas producer

WSE-listed gas giant PGNiG signed a strategic partnership deal with Pakistani firm Mari Petroleum, country’s second-largest natural gas producer, PGNiG said. The deal assumes cooperation on the Pakistani market and beyond on upstream operations, including exploration of locals shale gas deposi...

Locked content PGNiG Q4 profit better than estimates

WSE-listed gas giant PGNiG Q4 net profit amounted to PLN 456 million compared with PLN 430 million forecasted initially. Still, the profit is down by 37 percent y/y. On the other hand, EBITDA increased to PLN 1.32 billion from the PLN 1.29 billion estimate, and 22.4 percent down y/y, while revenues ...

Locked content PGNiG, BGK to boost Stalowa Wola with PLN 450 mln each

WSE-listed, state-owned gas giant PGNiG and state-run lender BGK will grant the Tauron’s Stalowa Wola gas-fueled power block with PLN 450 million in financing each. Of that amount, PLN 600 million will be granted for refinancing debt, while PLN 300 million will be used to boost capex. The financing ...

Locked content PGNiG to deliver gas to Ukraine, after Gazprom shutdown

WSE-listed, state-run gas giant PGNiG signed an ad hoc agreement on supplying over 60 million cubic meters of natural gas to Ukraine, after Russian Gazprom suspended deliveries to Kiev. “The current situation related to gas supplies proves that our decision to diversify sources of supply was right. ...

Locked content PGNiG finds new deposit in Podkarpackie

WSE-listed gas giant PGNiG has discovered a new gas deposit on its Lubliniec-Cieszanów concession in Podkarpackie voivodship, the company said in a market filing. The deposit is located 700 meters below the surface and its estimated production capacity is at 20 million cubic meters annually. “We use...

Locked content PGNiG interested in importing gas from Israel and Lebanon

WSE-listed gas giant PGNiG is interested in cooperation with gas suppliers from Israel and Lebanon, however currently it’s focused on importing gas from its own supplies in Norway. “It is possible that we will come to Lebanon or Israel one day,” – said PGNiG CEO Piotr Woźniak. “We are interest...

Locked content PGNiG expects Gazprom dispute to be solved by end-March

According to the CEO of WSE-listed gas giant PGNiG the last hearing in the arbitration case against the Russian peer Gazprom has been scheduled for the last decade of March. “Afterward, we expect the ruling to be passed within weeks, not months,” Piotr Woźniak added. Back in November, PGNiG filed a ...

Locked content PGNiG Q4 net profit drops

WSE-listed gas giant PGNiG had PLN 430 million net profit in Q4, down from PLN 720 million profit a year ago, according to the company’s preliminary figures. Revenues amounted to PLN 10.97 billion, compared to PLN 10.15 billion last year, while the adjusted EBITDA stood at PLN 1.84 billion, slightly...

Locked content PGNiG mulls takeover in Norway. No plans to sell Termika

WSE-listed gas giant PGNiG is considering acquiring production assets in Norway this year.” The talks in this matter have been ongoing for two years now. We are not in a hurry,” company’s CEO Piotr Wożniak said. He stressed that the company is primarily interested in gas deposits, rather than crude ...

Locked content PSG with PLN 2.8 bln CAPEX

PSG, a subsidiary of WSE-listed gas giant PGNiG had its PLN 2.86 billion CAPEX approved by the energy market regulator URE. The company plans to invest this amount in the next two years. As stated, the funds will be used for adding new clients, construction of new and modernization of existing gas d...