Locked content PGNiG to double exports to Ukraine

WSE-listed gas giant PGNiG hopes to increase its sales to Ukraine twofold this year to 700-800 million cubic meters, company’s Deputy CEO Maciej Woźniak said. At end-Q3, PGNiG sold 430 million cubic meters to Kiev. In order to boost sales, the company is planning to launch a second connection via Cz...

Locked content PGNiG Q3 net profit inches up

WSE-listed gas giant PGNiG had PLN 367 million attributable net profit in Q3, up from PLN 358 million loss a year ago. Revenues amounted to PLN 6.07 billion, compared to PLN 5.7 billion last year, while EBITDA stood to PLN 1.07 billion, down from PLN 1.13 billion last year. Gas purchase costs were u...

Locked content PGNiG to spend PLN 300 mln on extracting methane from coal deposits

WSE-listed, state-owned gas giant PGNiG will spend PLN 300 million on extracting methane from coal deposits in the next 3-4 years, with half of the funds coming from the The National Fund for Environmental Protection and Water Management. The company currently runs a test project in Gilowice where i...

Locked content PGNiG wants to renegotiate gas prices with Gazprom

State-owned natural gas operator PGNiG has asked Gazprom to renegotiate the price for natural gas that is delivered to Poland based on the Yamal contract, the company stated. PGNiG said that according to the agreement with Gazprom, a new price could be implemented three years after the last price ch...

Locked content PGNiG sold 4.6 bln cubic meters of natural gas in Q3 2017

State-owned natural gas provider PGNiG sold an estimated 4.6 billion cubic meters of natural gas in Q3 2017, compared to 4.25 billion cubic meters in Q3 2016, the company stated. Natural gas extraction increased from 1.03 billion cubic meters in the third quarter of last year to 1.12 billion cubic m...

Locked content Baltic Pipe enters second phase. PGNiG eyes maximum capacity

WSE-listed, state-owned gas giant PGNiG plans to book highest possible capacity in the planned Baltic Pipe gas link, the company CEO Piotr Woźniak said. “The 7.5 bcm of gas is a realistic volume, but we would gladly accept more,” Woźniak said. Polish, state-owned gas infrastructure operator Gaz-Syst...