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Polskie Gornictwo Naftowe i Gazownictwo SA (PGN.WA)

PGN.WA on Warsaw Stock Exchange

6.30PLN
9 Nov 2018
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Latest Key Developments (Source: Significant Developments)

PGNiG Estimated Q3 Net Profit Up At 552 Mln Zlotys
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - POLSKIE GORNICTWO NAFTOWE I GAZOWNICTWO SA ::ESTIMATED Q3 NET PROFIT AT 552 MILLION ZLOTYS VERSUS 367 MILLION ZLOTYS YEAR AGO.ESTIMATED Q3 EBITDA AT 1.47 BILLION ZLOTYS VERSUS 1.08 BILLION ZLOTYS YEAR AGO.ESTIMATED Q3 EBIT AT 826 MILLION ZLOTYS VERSUS 418 MILLION ZLOTYS YEAR AGO.ESTIMATED Q3 REVENUE AT 7.60 BILLION ZLOTYS VERSUS 6.03 BILLION ZLOTYS YEAR AGO.SAYS REPORT FOR Q3 AND 9M 2018 WILL BE PUBLISHED ON NOV. 21.  Full Article

Poland's PGNiG Appeals Against EC's Decision Regarding Gazprom
Tuesday, 16 Oct 2018 

Oct 16 (Reuters) - POLSKIE GORNICTWO NAFTOWE I GAZOWNICTWO SA ::PGNIG HAS APPEALED TO THE COURT OF JUSTICE OF THE EUROPEAN UNION AGAINST THE EUROPEAN COMMISSION'S (EC) DECISION WHICH ENDED ANTI-TRUST PROCEEDINGS AGAINST GAZPROM <<>>.SAYS EC'S DECISION WAS IN CONTRADICTION TO THE EVIDENCE COLLECTED AND VIOLATED A NUMBER OF PROCEDURAL REGULATIONS OF THE EU LAW.THE MEASURES IMPOSED ON GAZPROM WERE INADEQUATE TO THE DAMAGES WHICH CENTRAL EUROPEAN COMPANIES HAVE SUFFERED AS A RESULT OF GAZPROM'S ACTIVITIES WHICH WERE INCOMPATIBLE WITH THE EU LAW, IT ADDS.EU ENDED ANTITRUST CASE AGAINST GAZPROM WITHOUT FINES IN MAY nL5N1SV2V8.  Full Article

Energy Regulatory Office Approves Gas Price Increase By 5.9% For Households
Thursday, 26 Jul 2018 

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 

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 

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 

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 

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 

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 

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 

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

UPDATE 1-U.S. maintains option of sanctions related to Nord Stream 2 - Perry

WARSAW, Nov 8 The United States could still impose sanctions related to the building of the Nord Stream 2 pipeline, which would bring Russian gas directly to Germany under the Baltic Sea, U.S. Energy Secretary Rick Perry said on Thursday.