Locked content PGNiG Termika announces tender for Żerań CHP unit

PGNiG Termika, the heat generation unit of gas company PGNiG, has announced that it is looking for a contractor for a new unit at its Żerań combined heat and power plant in Warsaw. The new facility is planned as a combined cycle gas unit with a power generation capacity of 420-490 MW Interested bidd...

Locked content PGNiG counting on new prices from Gazprom

Poland’s natural gas giant PGNiG is counting on price change in its contract with Russia’s Gazprom, deputy CEO Jerzy Kurella was quoted as saying by the Polish Press Agency. It has already asked for new price negotiations. He added that there could also be talks on the volume of supplied gas, but th...

Locked content PGNiG profit better than consensus

Poland’s natural gas group PGNiG recorded a consolidated net profit of PLN 616 million in the third quarter of 2014 compared to PLN 654 million a year earlier. Analysts surveyed by the Polish Press Agency had expected PGNiG’s profit to come in at PLN 578.7 million. The company’s operating profit sto...

Locked content PGNiG looking for advisors for major M&A deals

Poland’s largest natural gas company is looking for an advisor in a foreign market acquisitions worth  more than PLN 2 billion each, the company said on its website. Interested entities may file their offers by the end of October. On Monday, PGNiG announced the acquisition of minority stakes in four...

PGNiG buys Norwegian licenses for almost PLN 1 bln

PGNiG Upstream International, a subsidiary of Poland’s natural gas giant PGNiG, has acquired stakes in four oil and gas licenses on the Norwegian Continental Shelf for NOK 1.95 billion (PLN 996 million), the company said in a statement on Monday.

Locked content PGNiG announces collective agreement

Polish Petroleum and Gas Mining (PGNiG) have agreed to end the collective bargaining stage with labor unions, reported ISBnews. The unions’ main points of contention since July had been an annual salary increase of 5.59 percent and an increase in workers’ vouchers up to PLN 2000. The new...

Locked content PGNiG and Polskie LNG will expand Świnoujście terminal

Polskie LNG and Polish Petroleum and Gas Mining (PGNiG) signed a letter of intent with regard to expansion of the liquified natural gas terminal in Świnoujście. The two companies will cooperate on the building of a third storage tank and transshipment services. Both sides have been considering PGNiG...

Locked content Lotos to process oil from PGNiG

Poland’s second-biggest refiner Grupa Lotos will start processing crude oil provided by natural gas group PGNiG starting from January 2015, Lotos said in a press release on Monday. The oil will come mostly from PGNiG’s Lubiatów extraction site, which was launched earlier this year. Grupa Lotos is wo...