Locked content PGNiG Q4 results to take PLN 776 mln hit from impairments

WSE-listed gas giant PGNiG will have PLN 776 million negative impact on its Q4 operating results on impairments and expenses write-offs, the company said in a market filing. The impairments include PLN 176 million for assets in the upstream segments due to the assessment of future cash flows, change...

Locked content PGNiG signs Baltic Pipe gas delivery deal

WSE-listed gas giant PGNiG signed a 15-year long agreement with Polish gas transit operator Gaz-System for gas transit via the planned Baltic Pipe scheme. The deal will start in 2022 when the project is expected to become operational. The deal value is PLN 8.1 billion. The pipeline is expected to ha...

Locked content PGNiG with new deposits in Podkarpacie

WSE-listed gas giant PGNiG recorded industrial-scale gas flows at its two new boreholes in the Podkarpackie voivodship. The company estimates that after connecting to the mining infrastructure, the gas flows from the Sędziszów-38K well will amount to some 68k cubic meters daily, while Korzeniówek-1K...

Locked content Lotos and PGNiG get two new Norwegian licenses each

WSE-listed Lotos and PGNiG each secured stakes in two exploration licenses on the Norwegian continental shelf, the Norwegian Ministry of Petroleum and Energy said. Lotos secured licenses on the North Sea, while PGNiG won stakes in licenses on the Norwegian Sea. They were awarded in the licensing rou...

Locked content PGNiG, JSW, Tauron, PGG sign methane production deal

WSE-listed, state-owned companies PGNiG, JSW, Tauron, and PGG signed a framework agreement to develop methane production from coal beds. PGNiG alone plans to spend PLN 300 million within the next three years on the project. The companies hope to increase domestic natural gas production, reduce the c...

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 PGNiG to reach 1 mcm daily output in Pakistan

WSE-listed, state-owned gas giant PGNiG will increase its daily production in its Rizq Pakistani outlet to 1 million cubic meters daily, the company said in a market filing. The increased capacity is thanks to connecting a new borehole to extraction equipment, which will come online by end-February....

Locked content PGNiG with PLN 5 bln private placement bond issuance program

WSE-listed gas giant PGNiG signed a deal with 4 banks for managing its PLN 5 billion private placement bond program, the company said in a market filing. The lenders include ING Bank Śląski, Bank Pekao, Bank Handlowy and BGŻ BNP Paribas. The program will last 5 years and cover bonds with tenors of u...

Locked content Gazprom wants to renegotiate prices with PGNiG

WSE-listed, state-owned gas giant PGNiG received a formal request from Russian giant Gazprom to renegotiate contract price of natural gas delivered through the Yamal pipeline. “Gazprom’s renegotiation request is not justified and it does not satisfy the formal requirements specified in the Yam...

Locked content PGNiG books PLN 8.1 bln worth of gas deliveries via Baltic Pipe

Polish gas supplier PGNiG has reserved gas deliveries for a total of PLN 8.1 billion over the period of 15 years in the Open Season procedure for Baltic Pipe. No other reservations were made in the procedure, said government plenipotentiary for energy infrastructure Piotr Naimski. The planned Baltic...