Polskie LNG Increases Share Capital

Polskie LNG Increases Share Capital

Polish Gas Transmission Operator GAZ-SYSTEM said it has obtained all the necessary corporate approvals to raise the share capital of its subsidiary Polskie LNG by the amount of 398 mln PLN.

The share capital of Polskie LNG will be raised by 398 thousand new, ordinary registered shares with a nominal value of 1,000 PLN per share.

After this transaction, the share capital of Polskie LNG will increase from 670 mln PLN to 1,068 mln PLN, the company said in a statement.

The Polskie LNG Company was appointed to construct the terminal for off-take of LNG in Świnoujście, and it is owned by the Gas Transmission Operator GAZ-SYSTEM.

The LNG Terminal in Świnoujście is the main investment being fulfilled in Poland with a view to improving the energy security of the country and, at the same time, is the first project of this type in Central and Eastern Europe.

Along with the transmission infrastructure currently under construction, the LNG terminal will not only enable Poland access to the world LNG market but also other countries in the region.

1 Polish zloty = 0.291062 U.S. dollars

LNG World News Staff, May 16, 2012; Image: Polskie LNG

Share this article

Follow LNG World News


<< Nov 2015 >>
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

16th World LNG Summit & Awards Gala Dinner

The summit will provide a perfect opportunity to understand how key players are responding to the price fluctuations and what the outlook is for the future…

read more >

LNG Mini MBA in Project Development

This interactive training programme is designed to enhance the key competencies and skills required across all aspects of commercial LNG project development.

read more >

Gas & LNG Contracts & Negotiations

This intensive course will fully prepare you to negotiate the best deal by understanding the complex processes and terms involved in Gas and LNG Contracts.

read more >

Intergas – VII Oil, Gas & Petrochemicals

Intergas will showcase the opportunities, address the challenges and help drive the sustainable development of the industry.

read more >