Locked content PGNiG wants to renegotiate gas prices with Gazprom

State-owned natural gas operator PGNiG has asked Gazprom to renegotiate the price for natural gas that is delivered to Poland based on the Yamal contract, the company stated. PGNiG said that according to the agreement with Gazprom, a new price could be implemented three years after the last price ch...

Locked content PGNiG sold 4.6 bln cubic meters of natural gas in Q3 2017

State-owned natural gas provider PGNiG sold an estimated 4.6 billion cubic meters of natural gas in Q3 2017, compared to 4.25 billion cubic meters in Q3 2016, the company stated. Natural gas extraction increased from 1.03 billion cubic meters in the third quarter of last year to 1.12 billion cubic m...

Locked content Baltic Pipe enters second phase. PGNiG eyes maximum capacity

WSE-listed, state-owned gas giant PGNiG plans to book highest possible capacity in the planned Baltic Pipe gas link, the company CEO Piotr Woźniak said. “The 7.5 bcm of gas is a realistic volume, but we would gladly accept more,” Woźniak said. Polish, state-owned gas infrastructure operator Gaz-Syst...

Locked content PGNiG signs LNG delivery deal with Statoil

WSE-listed, state-owned gas giant PGNiG signed a spot delivery deal with Statoil for 140k cubic meters of LNG (84 million cubic meters of natural gas) from Norway, the company said in a market filing. The fuel will be delivered to the LNG terminal in Świnoujście on September 9. This is a second spot...

Locked content PGNiG looking for more upstream assets

WSE-listed gas giant PGNiG hopes to increase its investment levels in H2, compared with H1 when it spent PLN 1.5 billion, the company said. “We’re analyzing the possibilities of increasing output in Norway,” company’s Deputy CEO Michał Pietrzyk said. For the whole year, the CAPEX stands at PLN 5.7 b...

Locked content PGNiG with PLN 499 mln Q2 net profit

WSE-listed gas giant PGNiG had PLN 499 million attributable net profit in Q2, up from PLN 115 million loss a year ago. Revenues increased by 12.5  percent to PLN 7.16 billion, while EBITDA amounted to PLN 1.4 billion, up by 90.8 percent. The core segment of gas trade and storage generated a PLN 268 ...

Locked content Poland’s PGNiG in talks on short- to mid-term LNG contracts

WSE-listed, state-owned gas giant PGNiG plans to sign short and mid-term contracts for LNG by mid-2018, company’s Deputy CEO Maciej Woźniak told Reuters. “For a few month, we have been in talks with our partners on further LNG supplies to Poland. Of course, we are talking not only to the US contract...