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Polskie Gornictwo Naftowe i Gazownictwo SA (PGN.WA)

PGN.WA on Warsaw Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Energy Regulatory Office Approves Gas Price Increase By 5.9% For Households
Thursday, 26 Jul 2018 06:08am EDT 

July 26 (Reuters) - POLSKIE GORNICTWO NAFTOWE I GAZOWNICTWO SA :ENERGY REGULATORY OFFICE HAS APPROVED PGNIG'S <<>> NEW TARIFF DECIDING ON GAS PRICE INCREASE BY 5.9 PERCENT FOR HOUSEHOLDS, STATEMENT SAYS.NEW PRICES CAN BE INTRODUCED NOT EARLIER THAN FOURTEEN DAYS AFTER THE PUBLICATION OF TARIFFS CHANGE AND HAVE BEEN APPROVED TILL THE END OF THE YEAR.THE MAIN REASON FOR THE INCREASE OF GAS PRICE IS A "SIGNIFICANT" iNCREASE IN PURCHASE COST OF METHANE-RICH NATURAL GAS.  Full Article

Indata Unit In Consortium Signs 12.1 Mln Zloty Gross Deal
Monday, 19 Mar 2018 03:38am EDT 

March 19 (Reuters) - INDATA SA ::ITS UNIT IN CONSORTIUM SIGNS 12.1 MILLION ZLOTY GROSS DEAL WITH PGNIG <<>>.DEAL IS FOR MODERNIZATION AND EXPANSION OF THE MASS STORAGE SYSTEM AT PGNIG <<>>.CONSORTIUM FORMED BY ESKOM IT SP. Z O.O. AS CONSORTIUM LEADER AND INDATA UTILITIES SA.  Full Article

Poland PGNiG 2017 net profit at 2.92 bln zlotys
Wednesday, 14 Mar 2018 01:35am EDT 

March 14 (Reuters) - Polskie Gornictwo Naftowe I Gazownictwo Sa (PGNiG) ::Says 2017 net profit at 2.92 billion zlotys ($860.11 million) versus 2.90 billion zlotys estimated earlier.Says 2017 revenue up 8 percent to 35.86 bln zlotys.  Full Article

Tauron: BGK And PGNiG Loan 900 Mln Zlotys To Stalowa Wola Plant
Thursday, 8 Mar 2018 09:47am EST 

March 8 (Reuters) - TAURON ::SIGNS LOAN AGREEMENT WITH BANK GOSPODARSTWA KRAJOWEGO (BGK) AND PGNIG SA <<>> ON FINANCING STALOWA WOLA PLANT.UNDER LOAN AGREEMENT BGK AND PGNIG WILL LEND IN TOTAL 900 MILLION ZLOTYS TO ELEKTROCIEPLOWNIA STALOWA WOLA SA.600 MILLION ZLOTYS TO REFINANCE DEBT OF STALOWA WOLA PLANT, 300 MILLION ZLOTYS TO COVER FURTHER INVESTMENT COSTS.BGK AND PGNIG BOTH GRANT 450 ML ZLOTYS OF LOAN EACH TO ELEKTROCIEPLOWNIA STALOWA WOLA.ELEKTROCIEPLOWNIA STALOWA WOLA SA IS OWNED IN 50% BY CO AND IN 50% BY PGNIG SA.  Full Article

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 starts urgent gas supplies to Ukraine: statement

WARSAW Poland's state-run gas firm PGNiG has signed a deal with Naftogaz on urgent gas supplies to Ukraine after Russia's Gazprom unexpectedly decided not to restart supplies to Kiev, PGNiG said on Friday.