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Polskie Gornictwo Naftowe i Gazownictwo SA (PGN.WA)

PGN.WA on Warsaw Stock Exchange

6.21PLN
22 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Poland's PGNiG sees no major changes in household gas prices in 2018
Monday, 13 Nov 2017 

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 

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 

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 

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 says regulator approves gas price rise
Friday, 17 Mar 2017 

Polskie Gornictwo Naftowe i Gazownictwo Sa (PGNiG) : Says will increase the price of high-methane gas it sells to large customers by 8 percent on average in April-June . Says gas price for households to rise on average by 1.6 percent in April-December . Company cites an approval for rise from energy regulator URE . Says higher wholesale crude and gas prices dictated the rise Further company coverage: [PGN.WA] (Reporting by Anna Koper; writing by Lidia Kelly; editing by David Clarke) ((lidia.kelly@thomsonreuters.com;)).  Full Article

PGNiG CEO says 2022 deadline for Norway gas link realistic
Wednesday, 12 Oct 2016 

Polskie Gornictwo Naftowe i Gazownictwo SA : The chief executive of Poland's dominant gas firm PGNiG said on Wednesday that a 2022 dealine for completing a planned gas link to Norway was realistic. . Piotr Wozniak also told reporters that PGNiG may participate in financing the part of the planned gas link on Norway's territory. Further company coverage: [PGN.WA] (Reporting by Agnieszka Barteczko; Writing by Marcin Goettig) ((marcin.goettig@thomsonreuters.com;)).  Full Article

Poland's PGNiG, PKN to sign new gas supply deal
Thursday, 29 Sep 2016 

PKN , PGNIG : Poland's biggest refiner PKN Orlen to sign a contract worth 7 billion zlotys ($1.83 billion) with state-run gas firm PGNiG on gas purchases, starting from Oct 2016 to Sept 2021, the companies said in their statement. .The contract will replace an existing long-term deal signed in 1997 that was supposed to be binding till 2017..  Full Article

Poland's PGNiG to sell gas to PGE utility for PLN 2 bln
Thursday, 1 Sep 2016 

PGNIG , PGE : Poland's state-run gas firm PGNiG will supply around 2.2 billion cubic metres (bcm) of gas to another state-controlled power group PGE for around 2.2 billion zlotys ($561.67 million), PGNiG said on Thursday. . The contract was signed on Aug 30 and will be binding by Oct. 1 2019, but could be extended by Jan. 1 2023, the company also said. Further company coverage: [PGN.WA] [PGE.WA] ($1 = 3.9169 zlotys) (Reporting by Agnieszka Barteczko; Editing by Marcin Goettig) ((agnieszka.barteczko@thomsonreuters.com;)).  Full Article

Poland's PGNiG scales down share buy-back to PLN 500 mln
Friday, 26 Aug 2016 

PGNIG : Poland's state-run gas firm PGNiG said on Friday it will buy back up to almost 92.8 million of its shares or 1.6 percent of capital at a price of 5.39 zlotys per share. . Shareholders in PGNiG approved on Thursday a plan for the company to buy up to 129.9 million of shares for 700 million zlotys ($183.2 million). [nL8N1B63E4] . PGNiG said it will accept sale offers from Aug. 29 until Sept 2. . Some analysts raised concerns that PGNiG may want to buy its shares only from a state-run fund TF Silesia, which owns 1.6 percent of PGNiG's shares and needs money to help rescue Polish troubled coal miners. [nL8N1B63E4] [nL8N1AK4UH] .Initially, in July, PGNiG planned to spend up to 750 million on the buy-back. [nL8N1AF5HO].  Full Article

Shareholders in Poland's PGNiG approve share buyback
Thursday, 25 Aug 2016 

Polskie Gornictwo Naftowe i Gazownictwo PGNiG : Shareholders in Polish state-run gas firm PGNiG approved a share buyback worth up to 700 million zlotys ($183.46 million) on Thursday. . PGNiG is to buy back 129.9 million of its shares at a price of 5.39 zlotys per share. On Thursday PGNiG shares were traded at 5.26 zlotys. . Initially PGNiG had planned to spend up to 750 million zlotys on the buyback. [nL8N1AF5HO] .Analysts and fund managers were concerned that PGNiG could favour the treasury in the plan to the disadvantage of minority shareholders. [nL8N1AK4UH].  Full Article

UPDATE 1-Poland's PGNiG signs first mid-term deal for LNG supplies from U.S.

WARSAW, Nov 21 Poland's dominant gas firm PGNiG has signed its first mid-term deal for liquefied natural gas (LNG) deliveries from the United States, as part of a wider plan to cut its reliance on Russian supplies, it said on Tuesday.