New provisions from Nord Stream 2 extended sanctions project might save Germans. Construction too?

National Defence Authorisation Act for 2021 Fiscal Year was presented on U.S. Congress wepage after an intervention from House of Representatives. It includes possibility of vaiwer and exemptions from Nord Stream 2 extended sanctions included in this bill which may save German institutions. There is also a possibility that those vaiwers and exemptions might allow […]

Victory over Gazprom is reflected in PGNiG’s record results

In the nine months to September 30th 2020, the PGNiG Group’s EBITDA and EBIT came in at nearly PLN 10.7bn and more than PLN 8.24bn, respectively. Despite low prices of oil and gas and the global economic downturn caused by the coronavirus pandemic, the PGNiG Group once again delivered robust financial performance and strong operating […]

Black swans in Gazprom’s results

Gazprom has recorded an almost 20-fold drop in net profits, while its revenue in the first quarter of 2020 slumped by 30 percent in comparison to the same period last year. Despite that, the company’s board has not lost its spirit and is expecting a frosty winter, which will disperse the „black swans” and make […]

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