PGNiG may sell gas to Ukraine

Polish PGNiG and Czech CEZ are shortlisted in the pre-qualification of a tender for gas delivery to Ukraine, biznesalert.pl web portal reported.

Locked content PGNiG to continue to go shopping in North America

State-controlled PGNiG has been working on striking acquisition deals in the US and Canada, the company told the media. It is also eyeing the Norwegian and South Asian markets as well as Polish heating networks. Jarosław Bauc, the deputy CEO at PGNiG said at a press conference that the company has a...

Locked content Qatar will sell gas contracted to Poland on other markets

WSE-listed Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) and Qatar Liquefied Gas Company have signed an agreement, in which it says that the Qataris will sell gas that was previously contracted to Poland, on other markets in H1 2016. Since the liquefied gas terminal in  Świnoujście isn’t yet...

PGNiG and PAN to cooperate on natural resources

WSE-listed Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) is beginning to cooperate with the Polish Academy of Science (PAN) on the search and  extraction of energy resources , especially liquid and gaseous hydrocarbons. PGNiG said it wants to uphold its hydrocarbons exploitation target of 4 bln cu...

Locked content Government has new plan for Kompania Węglowa

The government has decided to transfer up to 100 percent of Kompania Węglowa (KW) shares to the TF Silesia fund, treasury minister, Andrzej Czerwiński informed. Consequently the fund will acquire 11 mines included in KW. “TF Silesia will be the pillar of a strong energy-fuel concern. The energ...

Locked content PGNiG to deliver gas to ZCh Police for PLN 160 mln

WSE-listed Grupa Azoty ZCh Police has signed a deal with a subsidiary of PGNiG regarding gas supplies valued at some PLN 160 million, the company informed. The contract states the sale of fuel in the period between October 1, 2015 to September 30, 2016. Throughout the last 12 months the total value ...

Locked content PGNiG’s profit doubles

PGNiG reported a huge increase in consolidated net profit in the second quarter of 2015. It amounted to PLN 621 million, whereas last year it was PLN 338 million. Operational profit reached PLN 947 million this year as opposed to PLN 611 million y/y. Consolidated income from sales equalled PLN 7.89 ...

Locked content PGNiG secures $400 mln financing

Natural gas group PGNiG Upstram International signed a deal for a $400 mln loan with a consortium of eight banks, PGNiG said on its website. The consortium comprises Societe Generale, BNP Paribas, ING, HSBC, Citibank, CACIB, SEB and Natixis lenders. The funds will be allocated mainly to the early re...

Locked content Gov’t wants power companies to buy Kompania Węglowa shares

The Polish government is allegedly trying to convince PGE, Energa and PGNiG to purchase stake in Kompania Weglowa (KW), Poland’s biggest miner, in order to save it from bankruptcy, Rzeczpospolita reported. According to recent reports, the government  was planning to raise a special investment ...