Locked content Merrill Lynch buying Polish contract from Qatargas – paper

Qatari natural gas firm Qatargas has reportedly sold or is about to sell its contract for supplies to Poland to investment bank Merrill Lynch, according to sources quoted by Dziennik Gazeta Prawna. The sources said that such a change would make it more difficult for PGNiG, the Polish side of the con...

Locked content PGNiG looking for international acquisitions

Polish state-controlled gas and power giant PGNiG is planning to continue its international expansion and is considering several concessions in various parts of the world, company’s Vice President of Exploration and Production, Zbigniew Skrzypkiewicz told the Polish Press Agency. “We’re interested i...

Locked content PGNiG counting on settlement with Gazprom

Poland natural gas distributor PGNiG should soon reach an agreement with Russia’s Gazprom about the volume of supplied gas, the company’s CEO Mariusz Zawisza told the Polish Press Agency in an interview. Earlier this week the company said that the influx of gas through entry points on the Ukrainian ...

Lower gas influx from the east – PGNiG

Poland’s natural gas giant PGNiG has observed a reduced supply of the fuel within the Yamal Contract on connection points at the borders with Ukraine and Belarus, the company said in a press release on Wednesday.

Locked content PGNiG and Lotos look for oil in north-western Poland

Gas giant PGNiG and Poland’s second-largest oil company Grupa Lotos have undertaken seismological surveys in north-western Poland looking for crude oil deposits. The surveys are being carried out in Kamień Pomorski and Kaleń license areas, held by PGNiG. The surveys are being conducted by Geofizyka ...

Locked content PGNiG income not as high

PGNiG, the biggest Polish gas company,  has finished the second quarter of 2014 with PLN 338 million net profit attributable the shareholders of the parent company. Last year’s result was a bit better with PLN 352 million profit. The profit estimated by analysts was higher (PLN 689.5 million),...

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...