Edition:
United States

Polskie Gornictwo Naftowe i Gazownictwo SA (PGN.WA)

PGN.WA on Warsaw Stock Exchange

6.15PLN
23 May 2018
Change (% chg)

0.00zł (+0.00%)
Prev Close
6.15zł
Open
6.10zł
Day's High
6.19zł
Day's Low
6.06zł
Volume
3,344,474
Avg. Vol
3,637,550
52-wk High
6.98zł
52-wk Low
5.40zł

Latest Key Developments (Source: Significant Developments)

Poland's PGNiG says Q1 net profit falls to 1.57 bln zlotys
Wednesday, 23 May 2018 12:31am EDT 

May 23 (Reuters) - Polskie Gornictwo Naftowe i Gazownictwo SA ::POLAND'S DOMINANT GAS COMPANY PGNiG SAYS Q1 NET PROFIT AT 1.57 BILLION ZLOTYS ($430.83 million) VS 1.6 BLN ZLOTYS A YEAR AGO.IN APRIL, PGNiG HAD SAID IT ESTIMATED Q1 NET PROFIT AT 1.57 BLN ZLOTYS nW8N1LB02C.PGNiG ALSO SAID Q1 EBITDA AT 2.67 BLN ZLOTYS VS 2.77 BLN ZLOTYS A YEAR AGO.PGNiG Q1 REVENUES AT 13.2 BLN ZLOTYS VS 11.7 BLN ZLOTYS A YEAR AGO.  Full Article

PGNiG flags PLN 776 mln hit to its Q4 operating profit
Saturday, 20 Jan 2018 04:18am EST 

Jan 20 (Reuters) - PGNiG SA : :Says writedowns and other costs will reduce its standalone and consolidated operating profit (EBIT) in the fourth quarter of 2017 by about 776 million zlotys ($227.29 million).The writedowns are related to, among other things, the change in the business model for PGNiG'S Wierzchowice power unit.  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 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 expects new spot LNG delivery in early July
Thursday, 25 May 2017 05:43am EDT 

May 25 (Reuters) - PGNiG S.A. :Poland's state-run energy firm PGNiG expects to receive a spot liquefied natural gas (LNG) delivery at the Polish sea terminal in the city of Swinoujscie at the beginning of July, PGNiG's Deputy Chief Executive Maciej Wozniak tells reporters."The contract has been clinched," he says, adding the company will provide details about the deal soon.PGNiG Chief Executive Piotr Wozniak says management board will publish its recommendation on the dividend to be paid out in 2017 before the end of May .CEO Wozniak also says "we are sticking to the wording of our strategy that says that we pay out (in dividend) up to 50 percent of the consolidated net profit of the group (from the previous year)".  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.