Locked content PGNiG extends bond issue program

Poland’s largest natural gas company PGNiG has extended the maturity date for its bonds from July 31, 2015, to July 31, 2020, the company said in a recent statement. The bond issue program was initiated in June 2010. Its original value of PLN 3 billion was later increased to PLN 5 billion and ...

Locked content Parafianowicz leaves PGNiG board

Andrzej Parafianowicz has resigned from the post of deputy CEO at gas giant PGNiG, the company said in a statement on Thursday. He did not disclose reasons for the decision. The company’s supervisory board had suspended him as deputy CEO on June 18 this year, due to “the need to solve issues related...

Locked content PGNIG Termika to build a new combined cycle gas and steam unit

PGNiG Termika,the heat generation unit of Poland’s largest gas company PGNiG, has decided to develop new combined cycle gas and steam units in its Żerań plant in Warsaw. PGNiG rejected a proposal made by heat distributor Dalkia to modernize the timeworn coal units. The investment is planned to...

Locked content PGNiG and Chevron team up for shale gas exploration

Polish Oil and Gas (PGNiG) has partnered with Chevron for shale gas exploration in Southeastern Poland. The two companies signed a partnership deal regarding four licenses (Tomaszów Lubelski i Wiszniów-Tarnoszyn belonging to PGNiG and Zwierzyniec i Grabowiec belonging to Chevron). A test bore at the...

Locked content PGNiG launches gas exploration near Przemyśl

Poland’s natural gas giant PGNiG said on Tuesday that it has launched drilling at an exploration site near Przemyśl in southeastern Poland. The Fredropol-1 borehole will be 6,000 meters deep. The borehole is located in the area of the Skopów-Komarnice exploration license, 100-percent owned by PGNiG....

Locked content No plans to take PGNiG off bourse

Contrary to suggestions recently made by the head of the Energy Regulatory Office (URE), the Ministry of State Treasury has no plans to take gas giant PGNiG off the stock exchange, Deputy Treasury Minister Wojciech Kowalczyk was quoted as saying by the Polish Press Agency. “We see PGNiG as our strat...

Locked content PGNiG shale gas exploration spending at PLN 300 mln in 2015

PGNiG natural gas plans to spend PLN 300 million in 2015, according to a PAP report and news from the European Financial Congress in Sopot. The state petroleum and gas company, PGNiG plans to maintain capital and exploration expenses at the same level for the following two years. The annual capex fo...

PGNiG finishing shale test drills

PGNiG has started drilling for shale gas in the Pomeranian region, in Nowa Karczma municipality. The drilling will assess hydrocarbon potential in the shale bed. The planned depth of the drilling is 4100 meters. Drilling is to be done in a timespan of two months and conducted by a PGNiG daughter com...