PGNiG forges cooperation with Mari Petroleum Company Limited of Pakistan
Polish Oil and Gas Company (PGNiG SA) has signed a memorandum of understanding forging a strategic partnership with the second largest gas producer in Pakistan. The MOU provides for the parties’ cooperation in the upstream segment within and outside of Pakistan.
PGNiG: EBITDA at PLN 6.58bn, PLN 2.92bn net profit in 2017 – all-time highest results
Net profit of the PGNiG Group rose by 24%. EBITDA rose by 10% y/y, and EBIT increased by 16%, reaching PLN 3.91bn. The Group’s revenue grew to PLN 35.86bn, up by 8% y/y.
Naftogaz urgently buys gas from PGNiG after Gazprom’s withdrawal from starting deliveries to Ukraine
Naftogaz and Poland’s PGNiG have signed a contract for urgent gas supplies following the yesterday’s Gazprom’s decision to refuse starting supply of gas to Naftogaz, which happened a day after the announcement of the award of the Stockholm Tribunal.
Survey: Poles want diversification of gas supply sources to pay lower bills and feel more secure
In the opinion of the vast majority of Poles, Poland should diversify its gas supply sources as soon as possible. Breaking dependence on a single supplier would significantly improve our security and contribute to lower gas prices. These are the most important conclusions from the “Poland’s energy security 2017 – natural gas market” survey by GfK Polonia.
PGNiG: Small-scale LNG market to grow driven by smaller customers
A mobile station for metering liquefied natural gas, designed by PGNiG engineers, may revolutionise the “small-scale LNG” market in Poland. Smaller consumers will be able to buy only a part of the standard tanker’s gas load.
Appraisal well spudded within Fogelberg gas discovery in Norway
The well results will be used to precisely estimate the reserves and plan the development of the discovery, in which PGNiG Upstream Norway holds a 20% interest. The reserves have been preliminarily estimated to be about 60 mboe of natural gas and condensate.
More gas discovered within Przemyśl field
With the use of innovative surveying and drilling methods, PGNiG has discovered a new gas pool within the Przemyśl field, which has been in production for 60 years.
PGNiG, PGG, JSW and Tauron to cooperate on extraction of coal bed methane (CBM)
Executives of the mining and energy companies have signed a letter of intent in Katowice to streamline the development of the Geo-Metan project, which will help increase Poland’s output of natural gas, reduce coal production costs and improve the safety of miners working underground.
Record-high natural gas sales from Poland (PGNiG) to Ukraine
In just seventeen months – from August 2016 until December 2017 – Polish Oil and Gas Company has delivered over 1 bcm of natural gas to the Ukrainian market. PGNiG’s supplies of gas to Ukraine have doubled in 2017 reaching over 700 mcm a year. This confirms the Company’s increasing role on the gas market of Central and Eastern Europe.