In the first quarter of 2013, the PGNiG Group sold 5.4 billion cubic metres of natural gas, setting its new record of quarterly sales. In Q1 2013, the Group produced 1.15 billion cubic metres of natural gas. At the same time, natural gas imports totalled 3.5 billion cubic metres, including 2.8 billion sourced from countries [...]
Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG) made final acceptance of the Lubiatów-Międzychód-Grotów facility (LMG), one of the largest and most advanced projects completed by the company in recent years. The project will increase Poland’s conventional oil and gas production. Development of the LMG fields is an important step towards expanding PGNiG SA’s oil and [...]
The PGNiG Group has recorded net profit of PLN 2.23bn for 2012, compared with PLN 1.75bn in the previous year. In Q4 2012, the Group’s net profit grew to PLN 2.2bn, from PLN 431m in the corresponding period of 2011. Group revenue grew by PLN 5.7bn, to PLN 28.7bn in 2012, mainly on the back [...]
Supervisory Board of Polskie Górnictwo Naftowe i Gazownictwo SA resolved to appoint Mr Krzysztof Bocian as Vice-President of the Management Board for Exploration & Production, and Mr Jacek Murawski as Vice-President of the Management Board, Chief Financial Officer. In the process the Supervisory Board was assisted by Amrop, a specialist senior staff recruitment consultancy. The [...]
The PGNiG Supervisory Board is about to launch competitive recruitment processes to fill vacancies on the Company’s Management Board. The positions to be filled include Vice-President for Finance and Vice-President for Exploration and Production. A specialist senior staff recruitment consultancy will assist the Supervisory Board in the selection process. The first recruitment procedure will be [...]
On December 19th 2012, Polskie Górnictwo Naftowe i Gazownictwo SA issued notes totalling approximately PLN 700m under the Note Issuance Programme of May 22nd 2012. The notes are short-term unsecured discount bearer notes in book-entry form, maturing in 3, 6 and 12 months. All the notes are denominated in the Polish złoty and were offered [...]
Polskie Górnictwo Naftowe i Gazownictwo SA has adopted the Short-Term Value Creation Strategy for the PGNiG Group until 2014. Its objective is to prepare the Company for operating in a liberalised gas market. The PGNiG Group wants to maintain its lead in the exploration and production industry, while remaining the primary supplier of natural gas, [...]
Polskie Górnictwo Naftowe i Gazownictwo and TAURON Polska Energia signed a letter of intent concerning construction of a 400 MW gas-fired co-generation unit at TAURON’s Łagisza Power Plant. The parties undertook to collaborate in construction and operation of the unit, as well as trading in electricity. The new unit at the Łagisza Power Plant will [...]
The President of the Energy Regulatory Office (URE) has approved PGNiG SA’s proposal to lower gas fuel prices, as well as subscription fees for households. The reduction will affect all types of gas sold by PGNiG SA. On average, households’ gas bills will go down by 10%. The new tariffs are to come into effect [...]
TAURON Polska Energia and Polskie Górnictwo Naftowe i Gazownictwo have launched the construction of a CHP plant in Stalowa Wola, the largest gas-fired unit of this type in Poland. The foundation stone was officially laid on December 3rd 2012. Plant to be built in Stalowa Wola will be fitted with an advanced CCGT unit with [...]
