Locked content PGNiG signs PLN 7 bln contract with Orlen

Natural gas group PGNiG and fuel group PKN Orlen will sign a five year contract for gas deliveries, whose total value could exceed PLN 7 billion, PGNiG announced in a filing. The deal will be valid from October 1 until September 30, 2021 and will terminate a 1997 deal that was to expire at the…...

Locked content PKP Cargo to cooperate with PGNiG in 2017

Railway freight carrier PKP Cargo has signed a contract with a state-controlled natural oil and gas company PGNiG for the delivery of 1.1 million tons of hard coal in 2017, the company informed in a market filing. The value of the agreement exceeds PLN 28 million, a statement read. PKP Cargo is a pa...

Locked content PGNiG to buy gas deposits from Norway

Polish state-controlled natural oil and gas company PGNiG plans to buy gas deposits in Norway, the CEO Piotr Woźniak informed. “We are working intensively to buy deposits in Norway,” the official confirmed during a press conference on September 8. Additionally, PGNiG wants to increase it...

Locked content PGNiG signs PLN 2 bln gas deal with PGE

Polish state-controlled natural oil and gas company PGNiG has signed a contract with Poland’s biggest power utility PGE for the supply of up to 2.2 bcm of natural gas, the companies informed in a statement. The value of the agreement stands at PLN 2 billion and is valid until October 1, 2019 (...

Locked content PGNiG’s shale project fails

Polish state-controlled natural oil and gas company PGNiG failed to achieve satisfactory gas flow in its latest shale gas test in Wysino. “The maximum flow achieved barely exceeded 2 m3 per minute, which might mean PGNiG will give up on the shale project. To date, shale seems to be unproductiv...

Locked content PGNiG reports net loss of PLN 115 million for Q2

Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) reported a PLN 115 million net loss in Q2 2016, a drawback from PLN 621 million net profit last year. EBITDA stood at PLN 738 million, down from PLN 1.670 billion in 2015. ” In H1 PG PGNiG retained stable production and sales volume in all areas ...

Locked content PGNiG to deliver gas to Ukraine

Polish state-controlled natural oil and gas company PGNiG has signed a deal with Ukrainian Eru Trading for the delivery of natural gas to industrial customers, the company said. “The commencement of natural gas deliveries to Ukraine confirms that the commercial terms offered by PGNiG are compe...

Locked content PGNiG records a net loss of PLN 120 mln in Q2

Polish state-controlled natural oil and gas company PGNiG reported a net loss of PLN 120 million in Q2 2016, compared to PLN 621 million net profit in Q2 2015, the company announced in a report. The company’s operating profit stood at PLN 70 million, versus PLN 947 million one year before. Con...

Locked content PKN Orlen and PGNiG to expand in Poland

Poland’s largest refiner PKN Orlen along with listed natural gas group PGNiG have signed a letter of intent on cooperation in E&E activities in new areas in Poland, PKN Orlen informed in a market filing. “The companies express the will to cooperate in the following regions: the Pomer...

Locked content UOKiK approves takeover of JSW’s unit by PGNiG Termika

PGNiG Termika has been granted unconditional approval issued by the head of antimonopoly watchdog UOKiK for the takeover of Jastrzębska Spółka Węglowa’s (JSW) heat and power generating unit SEJ, the watchdog informed. PGNiG Termika called for the sale of 100 percent stake in JSW’s heat u...