Locked content PGNiG to reach 1 mcm daily output in Pakistan

WSE-listed, state-owned gas giant PGNiG will increase its daily production in its Rizq Pakistani outlet to 1 million cubic meters daily, the company said in a market filing. The increased capacity is thanks to connecting a new borehole to extraction equipment, which will come online by end-February....

Locked content PGNiG with PLN 5 bln private placement bond issuance program

WSE-listed gas giant PGNiG signed a deal with 4 banks for managing its PLN 5 billion private placement bond program, the company said in a market filing. The lenders include ING Bank Śląski, Bank Pekao, Bank Handlowy and BGŻ BNP Paribas. The program will last 5 years and cover bonds with tenors of u...

Locked content Gazprom wants to renegotiate prices with PGNiG

WSE-listed, state-owned gas giant PGNiG received a formal request from Russian giant Gazprom to renegotiate contract price of natural gas delivered through the Yamal pipeline. “Gazprom’s renegotiation request is not justified and it does not satisfy the formal requirements specified in the Yam...

Locked content PGNiG books PLN 8.1 bln worth of gas deliveries via Baltic Pipe

Polish gas supplier PGNiG has reserved gas deliveries for a total of PLN 8.1 billion over the period of 15 years in the Open Season procedure for Baltic Pipe. No other reservations were made in the procedure, said government plenipotentiary for energy infrastructure Piotr Naimski. The planned Baltic...

Locked content PGNiG updates output estimates

WSE-listed gas giant PGNiG released its updated output forecasts for the 2017-2019 period. The company expects to produce 4.5 bcm of natural gas in 2017-2018, while in 2019 it plans to increase it to 4.6 bcm. In the next two years, 3.8 bcm would be extracted from Polish deposits, while in 2019 the v...

Locked content PGNiG signs deal for LNG supplies from the US

WSE-listed, state-owned gas giant PGNiG signed a 5-year deal with Centrica LNG Company Limited for the deliveries of US LNG. “We will get 9 shipments over 5 years so on average two shipments a year,” company’s CEO Piotr Woźniak said. While he didn’t want to discuss the price and volume, company’s De...

Locked content PGNiG to double exports to Ukraine

WSE-listed gas giant PGNiG hopes to increase its sales to Ukraine twofold this year to 700-800 million cubic meters, company’s Deputy CEO Maciej Woźniak said. At end-Q3, PGNiG sold 430 million cubic meters to Kiev. In order to boost sales, the company is planning to launch a second connection via Cz...

Locked content PGNiG Q3 net profit inches up

WSE-listed gas giant PGNiG had PLN 367 million attributable net profit in Q3, up from PLN 358 million loss a year ago. Revenues amounted to PLN 6.07 billion, compared to PLN 5.7 billion last year, while EBITDA stood to PLN 1.07 billion, down from PLN 1.13 billion last year. Gas purchase costs were u...

Locked content PGNiG to spend PLN 300 mln on extracting methane from coal deposits

WSE-listed, state-owned gas giant PGNiG will spend PLN 300 million on extracting methane from coal deposits in the next 3-4 years, with half of the funds coming from the The National Fund for Environmental Protection and Water Management. The company currently runs a test project in Gilowice where i...