Locked content PGNiG: share of gas imports from Russia fell in 2018

The share of gas imports from Russia in total import volume fell in 2018 to less than 67 percent, PGNiG said. The company imported over 0.62 bcm less natural gas from Russia than in 2017, down 6.4 percent y/y.  LNG imports (from Qatar, Norway and the USA) in 2018 increased by nearly 1 bcm (+58.2 per...

Locked content PGNiG shares hit record high

On Monday 7 January, the shares of Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) increased by 4.9 percent on the Warsaw Stock Exchange (WSE), reaching PLN 7.26 per share – a record for the company. Currently, PGNiG is the third largest company listed on the WSE in terms of capitalization, which am...

Locked content PGNiG signs 20-year deal on LNG supplies with Port Arthur LNG

Gas giant PGNiG signed a long-term agreement for the supply of about 2 million tons of liquefied gas (LNG) annually with Port Arthur LNG, a unit of US-based Sempra Energy. The deliveries will be executed free-on-board from Port Arthur production installation in Jefferson County, Texas and will start...

Locked content PGNiG gets share in exploration and production license in UAE

WSE-listed gas giant PGNiG secured a share in a hydrocarbon exploration and production license from Al Khaimah Petroleum Authority in the United Arab Emirates, the company said in a market filing. “PGNiG’s previous experience in exploration for oil and gas abroad is bringing specific benefits ...

Locked content PGNiG to be included in Stoxx Europe 600 

From December 24 this year, PGNiG will be included in the Stoxx Europe 600 index, Stoxx informed. The global index agency FTSE Russell announced its decision a year ago to change Poland’s classification from emerging markets (developing countries) to developed markets (developed countries). Th...

Locked content PGNiG Q3 net profit up at PLN 554 mln

PGNiG recorded PLN 554 million of the consolidated net profit attributable to shareholders in Q3 compared to PLN 367 million a year ago. Operating profit grew to PLN 826 million from PLN 418 million y/y. Revenue amounted to PLN 7.6 billion versus PLN 6.08 billion in Q3 2017. “The improvement o...

Locked content PGNiG signs long-term deal for LNG supply with Cheniere

PGNiG signed a binding long-term contract for the purchase of liquefied natural gas (LNG) from Cheniere Marketing International. “Thanks to this agreement we will have regular supplies of LNG from the USA starting as early as 2019,” the company said. It added that the contract is for 24 ...

Locked content Gas tax to be introduced next year – media

According to Puls Biznesu daily, the finance ministry wants to start collecting the tax from companies extracting gas in Poland next year, instead of 2020 as was initially planned. The tax, which would cover oil and gas extraction, would have 6 and 3 percent rates respectively and would cover mostly...

Locked content PGNiG buys interest in Tommeilten discovery for $220 mln

PGNiG Upstream Norway, part of PGNiG Group, signed an agreement to buy an interest in Tommeilten Alpha gas and condensate field in Norway from Equinor. The purchase price was agreed at $220 million. According to PGNiG estimates, the acquisition will allow increasing gas production output from Norweg...

Locked content PGNiG signs two deals for LNG supplies from US

PGNiG signed two binding agreements with US-based firms Venture Global Calcasieu Pass and Venture Global Plaquemines LNG for LNG supplies. Every year PGNiG will purchase 1 million tonnes of LNG from each of the companies. The contracts will last 20 years. Deliveries may be subject to further trading...