Polskie Górnictwo Naftowe i Gazownictwo SA has opened a new cavern underground gas storage facility in Kosakowo, northern Poland, PGNiG’s press service said on January 2.
Five Polish state-controlled companies said their deal to cooperate on developing the country's shale gas resources would expire on December 31, and according to a source close to the matter, the arrangement will not be renewed, Reuters has reported.
In accordance with a decision of the President of the Energy Regulatory Office (URE), as of January 1st 2014 PGNiG SA will introduce a revised gas tariff, which reflects the new gas market model being implemented in Poland, PGNiG announced on December 19.
On December 12, 2013, Polskie Górnictwo Naftowe i Gazownictwo SA and Chevron Polska signed a Memorandum of Understanding on the terms of their potential collaboration on shale gas exploration projects in south-eastern Poland, PGNiG’s Press Office has reported.
In the first three quarters of 2013, the PGNiG Group posted over PLN 2bn in net profit, versus PLN 122m in the same period last year, PNGiG’s press office said on November 14.
Polskie Górnictwo Naftowe i Gazownictwo SA said on October 29 it concluded an agreement with Ukraine-based DTEK Trading on the supply of natural gas for the purpose of evaluating the possibility of natural gas transmission across the territory of Poland to the Polish tra
Polskie Górnictwo Naftowe i Gazownictwo SA has plans to increase production of crude oil in 2014 to 1.19 million tonnes, PGNiG said on October 17.
On August 14th 2013, an agreement on joint operations within the Kamień Pomorski licence block was signed between Polskie Górnictwo Naftowe i Gazownictwo SA and LOTOS Petrobaltic SA, PGNiG reported in a news release.
Terminal reports that Poland has begun to initiate development of the largest oil field in that European nation, the LMG oil and natural gas field.
Polskie Górnictwo Naftowe i Gazownictwo SA has established a single distribution company, in line with the provisions of the Short-Term Value Creation Strategy for the PGNiG Group in 2012-2014, the company reported in a news release.