PGNiG: natural gas H1 sales increased by almost 50% y/y

Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) announced its estimated Q2 results, ISBNews reported. In Q2, the company sold 4.67 billion cbm of natural gas, in comparison with 3.35 billion cbm in Q2 2014. In H1 the sales amounted to 12.35 billion cbm, while in the corresponding period of 2014, PGNiG sold 8.25 billion cbm. Simultaneously, the volume of extracted gas has slightly fallen. In Q2, the figure was 1.11 billion cbm, a decline from Q2 2014's 1.13 billion cbm. 2.29 billion cbm were extracted by the firm in H1, compared to 2.31 billion cbm in the first half of 2014. Oil sales declined minimally, from 373,000 ton in Q2 2014 to 372,000 ton in Q2 2015. In the same scope, volume of oil extracted went up from 310,000 ton to 317,000 ton. H1 comparison shows a rise in terms of both sales and volume of extraction. 720,000 ton were sold and 704,000 extracted in comparison with the 2014 figures: 659,000 ton and 632,000 ton respectively. The company will announce final data on August 14, 2015, during the publication of a periodic report.