Locked content PKO BP and PGNiG make deal on transaction banking 

PKO Polish Bank and the Polish Oil and Gas Company (PGNiG) have signed an agreement on strategic cooperation in the field of banking transactions, the companies announced today. In addition, as a result of winning the tender, PKO BP will handle complex accounts for PGNiG Trading Retail (PGNiG OD), a...

Locked content PGNiG teaming up with Pakistani company for more gas drilling

Poland’s largest oil and gas company will drill for more gas in Pakistan’s Rehman deposit. The company said in a press release on Friday that it had been granted a concession for 25 years, with possibility of extension. It has already been extracting gas in the area since 2005. “For the remainder of...

Locked content PGNiG gas and oil sales up in IV 2016

Polish Oil and Gas Company (PGNiG) sold 7.37 billion cubic meters of gas in the fourth quarter of 2016 compared to 6.54 billion cubic meters in the same period of 2015. Sales of natural gas in the whole of 2016 amounted to 24.36 billion cubic meters, which was up slightly from 23 billion cubic meter...

Locked content PGNiG given two new production licenses for Norwegian coast

Polish energy company PGNiG has been awarded two exploration and production licenses on the Norwegian Continental Shelf, according to a statement by the company released to the press on Wednesday. On one of the projects, PGNiG has taken over 40 percent of the shares, meaning that it will become the ...

Locked content EU Court decides to suspend initial ruling on Opal

The Court of Justice of the European Union (the ECJ) has granted the request of the Polish Oil and Gas Company (PGNiG) and, on December 23, suspended the decision of the European Commission (EC), on the release of the operator of the pipeline Opal from the principle of third party access, PGNiG CEO ...

Locked content Polimex-Mostostal announced major issuing of shares

Poland’s largest energy companies have moved to acquire a large stake in giant construction and engineering firm Polimex-Mostostal. PGE, Enea, Energa and PGNiG signed a letter of intent with Polimex-Mostostal for potential investment in the company of 150 million shares and the latter’s ...

Locked content PGNiG to increase oil production in Norway

One of Poland’s largest natural gas and crude oil producers, the Polish Oil and Gas Company (PGNiG) wants to extract upwards of 3 billion cubic meters of gas per year from deposits in Norway, said the company’s Vice President, Janusz Kowalski, said over the weekend. “Today, we extract 0.5 billion cu...

Locked content PGNiG sues European Commission

WSE-listed gas giant PGNiG’s German unit, Supply&Trading GmbH, filed a lawsuit against the European Commission’s decision to exclude the Opal gas pipeline from the “regime of third party access rules,” PGNiG’s CEO Piotr Woźniak said on Monday. PGNiG also asked for an injunction on the EC’s...

Locked content American newcomer to enter Polish natural gas market

PGNiG announced on Tuesday that it had signed a contract with US-based Palomar, according to a report in Rzeczpospolita. The agreement, which stipulates that Palomar will provide 50 million cubic liters of gas, annually, to the Polish state energy company, marks the first instance in Poland of a lar...

Locked content PGNiG will begin extraction in Pakistan, Iran

Polish energy firm PGNiG announced that it will open a new gas deposit in Pakistan that is capable of producing 0.5 million cubic meters daily, according to a statement released by the company. The decision follows last week’s announcement by the company that it would begin cooperation with the Nati...