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 ...

Locked content ME, PGNiG, PKN Orlen, PGE recruiting for internship program

The Ministry of Energy, the Polish state Oil and Gas Company (PGNiG), the Polish Energy Group (PGE) and PKN Orlen have launched the third edition of the “Energy for the future” internship program, PGNiG announced. The companies and the ministry offer, as part of the program, an annual pa...

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 ...