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...

Locked content PGNiG signs LNG delivery deal with Statoil

WSE-listed, state-owned gas giant PGNiG signed a spot delivery deal with Statoil for 140k cubic meters of LNG (84 million cubic meters of natural gas) from Norway, the company said in a market filing. The fuel will be delivered to the LNG terminal in Świnoujście on September 9. This is a second spot...

Locked content PGNiG looking for more upstream assets

WSE-listed gas giant PGNiG hopes to increase its investment levels in H2, compared with H1 when it spent PLN 1.5 billion, the company said. “We’re analyzing the possibilities of increasing output in Norway,” company’s Deputy CEO Michał Pietrzyk said. For the whole year, the CAPEX stands at PLN 5.7 b...

Locked content PGNiG with PLN 499 mln Q2 net profit

WSE-listed gas giant PGNiG had PLN 499 million attributable net profit in Q2, up from PLN 115 million loss a year ago. Revenues increased by 12.5  percent to PLN 7.16 billion, while EBITDA amounted to PLN 1.4 billion, up by 90.8 percent. The core segment of gas trade and storage generated a PLN 268 ...

Locked content Poland’s PGNiG in talks on short- to mid-term LNG contracts

WSE-listed, state-owned gas giant PGNiG plans to sign short and mid-term contracts for LNG by mid-2018, company’s Deputy CEO Maciej Woźniak told Reuters. “For a few month, we have been in talks with our partners on further LNG supplies to Poland. Of course, we are talking not only to the US contract...

Locked content PGNiG signs PLN 4.8 bln extension deal with KGHM

WSE-listed, state-owned gas giant PGNiG sign PLN 4.8 billion deal with another state-run company, copper and silver miner KGHM for gas delivery. The contracts guarantee KGHM gas supplies until October 1, 2033. The new framework deal replaces the five long-term contracts between companies and unifies...

Locked content PGNiG reserves transit capacity for Baltic Pipe gas link

WSE-listed, state owned gas giant PGNIG has submitted a motion for reserving transit capacity in the Baltic Pipe gas link in the first phase of the Open Season procedure, the company said in a market filing. “PGNiG is planning to also take part in the second phase of the procedure starting September...

Locked content EU court rejects Polish bid to stop Opal deal

EU court dismissed Poland and PGNiG’s request to stop the deal, giving Gazprom bigger share in gas transit through the Opal pipeline. Back in 2009, the European Commission decided that 50 percent capacity of the Opal extension would be reserved for Gazprom and exempted from the EU law. The rem...

Locked content PGNiG: Gas sales volume was estimated at 5.63 billion m3 in Q2

Gas producer PGNiG recorded estimated sales volume of natural gas of 14.49 billion cubic meters in the first half of 2017 compared to 12.68 billion cubic meters recorded in the first half of 2016, PGNiG said. Just in Q2 , sales were estimated at 5.63 billion cubic meters compared to 4.71 billion cub...