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Polskie Gornictwo Naftowe i Gazownictwo SA (PGN.WA)

PGN.WA on Warsaw Stock Exchange

6.24PLN
23 Feb 2018
Change (% chg)

0.06zł (+0.97%)
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6.18zł
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6.20zł
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6.24zł
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6.17zł
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6.98zł
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Latest Key Developments (Source: Significant Developments)

BRIEF-Poland's PGNiG says Gazprom wants to renegotiate gas price
Saturday, 9 Dec 2017 04:51am EST 

Repeats with no change to text:Polish state-run gas firm PGNiG says it has received notice from Russia's Gazprom that it wants to renegotiate the price of natural gas it sells to PGNiG under a long-term contract..PGNiG says Gazprom's intention does not meet the criteria set out in PGNiG's contract with Gazprom..  Full Article

Poland's PGNiG says Gazprom wants to renegotiate gas price
Friday, 8 Dec 2017 04:10pm EST 

Dec 9 (Reuters) - PGNiG :Polish state-run gas firm PGNiG says it has received notice from Russia's Gazprom that it wants to renegotiate the price of natural gas it sells to PGNiG under a long-term contract..PGNiG says Gazprom's intention does not meet the criteria set out in PGNiG's contract with Gazprom..  Full Article

Poland's PGNiG asks regulator to keep gas prices for households
Wednesday, 6 Dec 2017 01:55am EST 

WARSAW, Dec 6 (Reuters) - Polskie Gornictwo Naftowe i Gazownictwo Sa (PGNiG) :Poland's dominant gas firm, the state-run PGNiG, says its subsidiary PGNiG Obrot Detaliczny has filed a request with Polish energy market regulator URE to keep the existing gas prices for households after Jan. 1, 2018.Should URE approve the request, rates for households would stay at the current level until March 31, 2018.In March, URE approved new tariffs for PGNiG, which stipulated increases in gas prices for households by 1.6 percent by the end of 2017 .  Full Article

Poland's PGNiG alone in open season for Baltic pipe - Polish official
Monday, 4 Dec 2017 05:49am EST 

Dec 4 (Reuters) - PGNiG ::Poland's dominant gas firm, the state-un PGNiG, is the only firm that has expressed interest in the open season procedure for the planned Baltic Pipe pipeline that is to connect Poland and Scandinavia, says Piotr Naimski, the Polish government's official responsible for key energy infrastructure."No-one else has joined the open season. There is no competition," Naimski tells reporters.  Full Article

Poland's PGNiG sees no major changes in household gas prices in 2018
Monday, 13 Nov 2017 06:45am EST 

Nov 13 (Reuters) - PGNiG :Poland's dominant gas group, the state-run PGNiG, does not expect major changes in gas prices for households in 2018, the company's Deputy Chief Executive Maciej Wozniak tells reporters.  Full Article

Poland's PGNiG and Lotos sign gas supply deal
Thursday, 26 Oct 2017 06:31am EDT 

Oct 26 (Reuters) - Grupa Lotos SA , PGNiG :State-run gas company PGNiG says has signed a 3-year natural gas supply deal with state-run refiner Grupa Lotos.Says deal may be extended by 2 more years to 2022 and if it is could be worth about 3.1 billion zlotys ($863 million)."The contract signed today is a continuation of the partnership cooperation of strategic Polish firms from the oil and gas sector," Lotos CEO Marcin Jastrzebski says in same statement.PGNiG has been supplying Lotos with natural gas since 2010.  Full Article

Poland's PGNiG may sign mid-term deals on U.S. LNG supplies in H1 2018
Wednesday, 18 Oct 2017 07:45am EDT 

Oct 18 (Reuters) - Polskie Gornictwo Naftowe i Gazownictwo SA :Poland's dominant gas firm PGNiG may sign mid-term deals on liquefied natural gas (LNG) supplies from the United States in the first or second quarter of 2018, the company's deputy head says on Wednesday."We are talking to various partners but what would be most logical is signing agreements with the U.S. partners on LNG mid-term supplies. I expect that these agreements will be signed in the first or second quarter," Maciej Wozniak tells reporters‍​.  Full Article

Poland's PGNiG Q2 net profit at 499 mln zlotys, below estimates
Friday, 18 Aug 2017 12:31am EDT 

Aug 18 (Reuters) - POLSKIE GORNICTWO NAFTOWE I GAZOWNICTWO SA ::H1 NET PROFIT AT 2.10 BILLION ZLOTYS VERSUS 1.27 BILLION ZLOTYS A YEAR AGO.Q2 SALES AT 7.2 BILLION ZLOTYS VERSUS 7.34 BILLION ZLOTYS SEEN IN REUTERS POLL.Q2 NET PROFIT AT 499 MILLION ZLOTYS VERSUS 724 MILLION ZLOTYS SEEN IN REUTERS POLL.Q2 OPERATING PROFIT AT 768 MILLION ZLOTYS VERSUS 73 MILLION ZLOTYS A YEAR AGO.Q2 EBITDA AT 1.41 BILLION ZLOTYS VERSUS 1.60 BILLION ZLOTYS SEEN IN REUTERS POLL.  Full Article

Poland's KGHM says to buy gas from PGNiG for $1.32 bln by 2033
Thursday, 27 Jul 2017 09:39am EDT 

July 27 (Reuters) - KGHM , PGNiG ::Poland's copper producer KGHM said on Thursday it agreed on gas purchases from Polish dominant gas firm PGNiG until October 2033 for a total of around 4.8 billion zlotys ($1.32 billion)..The state-run companies did not disclose the amount of gas subject to the agreement. .  Full Article

Polish regulator cuts natural gas prices for PGNiG's biggest clients
Wednesday, 12 Jul 2017 12:30pm EDT 

July 12 (Reuters) - PGNiG :Polish energy market regular URE decides to lower prices of natural gas for PGNiG's biggest clients by 6.7-6.8 percent from Aug. 1 until Sept. 30, PGNiG says in a statement.."Due to the lower prices of crude oil and natural gas across wholesale markets in northwestern Europe PGNiG's total cost of gas fell below the cost assumed for the calculation of the existing Tariff for the Largest Customers," PGNiG says.."Therefore, the average trading price of gas fuel decreased by 6.7 percent for high-methane gas and by 6.8 percent for nitrogen-rich gas. The Tariff for the Largest Customers will be valid from August 1st until September 30th 2017.".  Full Article

UPDATE 1-Poland's PGNiG signs first mid-term deal for LNG supplies from U.S.

WARSAW, Nov 21 Poland's dominant gas firm PGNiG has signed its first mid-term deal for liquefied natural gas (LNG) deliveries from the United States, as part of a wider plan to cut its reliance on Russian supplies, it said on Tuesday.