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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)

PGNIG Signs Annex With Venture Global Plaquemines LNG, For LNG Deliveries, Which Ups Them To 2.5 Mln Tonnes/Yr From 1 Mln Tonnes/Yr
Wednesday, 12 Jun 2019 

June 12 (Reuters) - Polskie Gornictwo Naftowe i Gazownictwo SA ::SAYS SIGNS ANNEX WITH VENTURE GLOBAL PLAQUEMINES LNG, LLC FOR LNG DELIVERIES, DELIVERIES TO INCREASE TO 2.5 MILLION TONNES/YEAR FROM 1 MILLION TONNES/YEAR.  Full Article

PGNiG Plans To Obtain Up To 10 Bln Zlotys Revolving Loan
Monday, 20 May 2019 

May 21 (Reuters) - PGNiG SA ::SAID ON MONDAY IT HAS RESOLVED TO CONCLUDE TERMSHEET WITH A CONSORTIUM OF NINE BANKS: BANK GOSPODARSTWA KRAJOWEGO, BANK POLSKA KASA OPIEKI SA, BNP PARIBAS, BANK POLSKA SA, CAIXA BANK SA ODDZIAL W POLSCE, ING BANK SLĄSKI SA, INTESA SANPAOLO SPA ODDZIAL W POLSCE, POWSZECHNA KASA OSZCZĘDNOSCI BANK POLSKI, SANTANDER BANK POLSKA AND SOCIETE GENERALE .SAID TERMSHEET SPECIFIES THE TERMS OF GRANTING COMPANY REVOLVING LOAN OF UP TO 10 BILLION ZLOTYS WITHIN 5 YEARS OF CONCLUDING A BINDING AGREEMENT WITH THE CONSORTIUM .TERMSHHET DOCUMENT DOES NOT CREATE ANY FINANCIAL OBLIGATIONS ON THE PART OF THE COMPANY.COMPANY PLANS TO USE THE OBTAINED FUNDING UNDER LOAN ON FINANCING CURRENT OPERATIONS AND CAPITAL EXPENDITURES OF THE COMPANY AND ITS GROUP.  Full Article

PGNiG Recommends Total 2018 Dividend Of 0.18 Zloty/Shr
Monday, 20 May 2019 

May 21 (Reuters) - PGNiG SA ::SAID ON MONDAY THAT MANAGEMENT RESOLVED TO RECOMMEND 2018 DIVIDEND OF 0.18 ZLOTY PER SHARE.SAID SINCE ADVANCE ON 2018 DIVIDEND OF 0.07 ZLOTY PER SHARE WAS PAID ON DEC.3, 2018, THE REMAINING AMOUNT OF DIVIDEND TO BE PAID IS 0.11 ZLOTY PER SHARE .  Full Article

Poland's PGNiG Q1 Net Profit At 1.06 Billion Zlotys, In Line With Previous Estimations
Friday, 17 May 2019 

May 17 (Reuters) - Polskie Gornictwo Naftowe i Gazownictwo SA ::Q1 NET PROFIT 1.06 BILLION ZLOTYS VERSUS 1.06 BILLION ZLOTYS PREVIOUSLY ESTIMATED.Q1 REVENUE 14.34 BILLION ZLOTYS VERSUS 14.34 BILLION ZLOTYS PREVIOUSLY ESTIMATED.Q1 EBITDA AT 2.17 BILLION ZLOTYS.  Full Article

PGNiG Q1 Natural Gas Sales Volume Outside Group Flat At 9.90 BCM
Wednesday, 17 Apr 2019 

April 17 (Reuters) - Polskie Gornictwo Naftowe i Gazownictwo SA ::Q1 NATURAL GAS PRODUCTION AT 1.18 BILLION CBM VERSUS 1.18 BILLION CBM YEAR AGO.Q1 NATURAL GAS SALES VOLUME OUTSIDE PGNIG GROUP 9.90 BCM VERSUS 9.90 BCM YEAR AGO.Q1 CRUDE OIL SALES VOLUME AT 288,100 TONNES VERSUS 429,000 TONNES YEAR AGO.Q1 CRUDE OIL PRODUCTION AT 323,900 TONNES VERSUS 348,400 TONNES YEAR AGO.  Full Article

PGNiG Says Another LNG Spot Cargo Arriving In Swinoujscie
Wednesday, 20 Mar 2019 

March 20 (Reuters) - PGNiG SA ::SAYS LIQUEFIED NATURAL GAS (LNG) WILL COME TO POLAND FROM NORWAY ON MARCH 21, 2019, .THIS IS THE 4TH SPOT DELIVERY THIS YEAR ALREADY AND 12TH SPOT DELIVERY TO THE PRESIDENT LECH KACZYŃSKI LNG TERMINAL IN ŚWINOUJŚCIE SINCE THE FACILITY STARTED ITS OPERATIONS.THE CARGO OF ABOUT 63,000 TONNES OF LNG, WHICH AFTER REGASIFICATION CORRESPONDS TO APP. 84 MILLION CUBIC METRES OF NATURAL GAS, WAS PURCHASED FROM EQUINOR (FORMERLY STATOIL).IN CONTRAST TO LONG- AND MEDIUM-TERM CONTRACTS CONCLUDED BY PGNIG, SPOT DELIVERIES ARE SINGLE DELIVERIES REALIZED UNDER SHORT-TERM CONTRACTS.THIS DELIVERY WILL BE THE 54TH ONE SINCE LAUNCHING OF THE TERMINAL IN ŚWINOUJŚCIE.  Full Article

Poland's PGNiG Prelim. Q4 Net Profit Down At 390 Mln Zlotys
Wednesday, 13 Feb 2019 

Feb 14 (Reuters) - Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG) ::REPORTED ON WEDNESDAY PRELIMINARY Q4 NET PROFIT OF 390 MILLION ZLOTYS VERSUS 460 MILLION ZLOTYS YEAR AGO.PRELIMINARY FY 2018 NET PROFIT OF 3.21 BILLION ZLOTYS VERSUS 2.92 BILLION ZLOTYS YEAR AGO.PRELIMINARY Q4 REVENUE OF 12.79 BILLION ZLOTYS VERSUS 10.91 BILLION ZLOTYS YEAR AGO.PRELIMINARY Q4 EBITDA OF 1.35 BILLION ZLOTYS VERSUS 1.32 BILLION ZLOTYS YEAR AGO.  Full Article

PGNiG Signs Exploration And Production Sharing Agreement In UAE
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - Polskie Gornictwo Naftowe i Gazownictwo SA ::SAYS SIGNS EXPLORATION AND PRODUCTION SHARING AGREEMENT IN UAE.SAYS IS PERMITTED TO EXPLORE FOR AND PRODUCE HYDROCARBONS IN THE EMIRATE OF RAS AL KHAIMAH.SAYS INITIALLY, THE WORK WILL BE CARRIED OUT IN THREE TWO-YEAR EXPLORATION STAGES, TO BE FOLLOWED BY A 30-YEAR PRODUCTION PHASE.SAYS THE LICENCE AREA IS 619 SQUARE KILOMETRES.  Full Article

Share Of Russian Gas In Imports To Poland Falls To 66.8% - PGNiG
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - POLSKIE GORNICTWO NAFTOWE I GAZOWNICTWO SA (PGNIG) ::THE SHARE OF GAS IMPORTS FROM RUSSIA IN TOTAL IMPORT VOLUME FELL TO 66.8 PERCENT IN 2018 FROM 70.4 PERCENT IN 2017, THE COMPANY SAID IN A STATEMENT ON WEDNESDAY.PGNIG IMPORTED ABOUT 9.04 BCM OF GAS FROM THE EAST LAST YEAR, DOWN 6.4 PCT YEAR-ON-YEAR, IT SAID.ON THE WHOLE, PGNIG IMPORTED ABOUT 13.53 BCM OF NATURAL GAS TO POLAND THROUGHOUT 2018, DOMESTIC PRODUCTION TOTALLED 3.8 BCM.LNG IMPORTS (FROM QATAR, NORWAY AND THE USA) IN 2018 INCREASED BY NEARLY 1 BCM (+58.2%) AND REACHED OVER 2.71 BCM (AFTER REGASIFICATION), COMPARING TO 2017, WHEN APPROX. 1.72 BCM OF LNG WAS IMPORTED (AFTER REGASIFICATION).THE INCREASE IN IMPORTS OF LIQUEFIED NATURAL GAS IN 2018 IS LARGELY THE EFFECT OF THE ADDITIONAL AGREEMENT WITH QATARGAS SIGNED IN 2017.AFTER 2020, ANNUAL IMPORTS FROM QATAR MAY EVEN REACH 2.7 BCM AFTER REGASIFICATION."OUR CURRENT PRIORITY IS TO BUILD AN ALTERNATIVE, LONG-TERM PORTFOLIO OF SECURE SUPPLIES FROM 2023 ONWARDS...", MACIEJ WOZNIAK, PGNIG'S DEPUTY CEO FOR COMMERCIAL AFFAIRS SAID.THIS PORTFOLIO WILL BE BASED ON BOTH LNG AND GAS FROM THE NORWEGIAN SHELF IMPORTED VIA THE BALTIC PIPE, WOZNIAK ADDED.A LONG-TERM DEAL BETWEEN PGNIG AND RUSSIA'S GAZPROM <<>> WILL EXPIRE IN 2022 nL5N1UU618.  Full Article

PGNiG Sees Price For High-Pressure Gas Pipeline Not Lower Than 144 Million Zlotys
Friday, 21 Dec 2018 

Dec 21 (Reuters) - Polskie Gornictwo Naftowe i Gazownictwo SA ::SAYS SEES PRICE FOR HIGH-PRESSURE GAS PIPELINE CONNECTING KOŚCIAN GAS PRODUCTION SITE TO KGHM POLKOWICE/ŻUKOWICE AT NOT LOWER THAN 144 MILLION ZLOTYS.  Full Article