GAS.

After the nine months to September 30th 2021, the PGNiG Group posted nearly PLN 37.5bn in revenue, around PLN 7.4bn in EBITDA and PLN 3.1bn in net profit. The volume of gas sold was in excess of 24 bcm, a year-on-year increase of 8%.

The French opinion portal Opinion Internationale has published an extensive analysis on Gazprom restricting gas supply to Europe to force the launch of Nord Stream 2. The piece sheds new light on the dispute over the gas price crisis. Did Russia’s partners in Germany know about it in advance?

Putin is unabashedly stirring up tensions in Europe to hide the real goal that has been guiding him for years – the resuscitation of the Soviet Union in a new edition. In the face of internal problems, plummeting approval ratings and sinking public trust, the Kremlin needs a success. Belarus has already fallen into this […]

In the 20th century Józef Piłsudski proposed a preventive war against Germany in order to avoid a World War. It is time for a less drastic solution to defend Moldova against Russia, which is using gas as a weapon, which may be a foretaste of further hostilities against Europe. It’s not about the hussars charging, […]

Alexander Lukashenko has threatened Poland with cutting off gas supplies through the Yamal gas pipeline in retaliation for sanctions related to the border crisis. However, this decision is up to Vladimir Putin who seems to be preoccupied with coming up with new crises to intimidate the West, and force it to offer concessions on various […]

German Bundesnetzagentur (BNetzA) temporarily suspended the certification of the Nord Stream 2 project. Its operator, Nord Stream 2 AG, will have to create a special purpose company responsible for the management of the gas pipeline in accordance with the EU law of the gas directive.

PGNiG Upstream Norway, together with its partners, launched another two wells on the Ærfugl field in the Norwegian Sea. Thanks to the completion of the investment, the Ærfugl reservoir will contribute approx. 0.57 billion cubic metres of natural gas per year to the Company’s production volume.

The primary goal of Russia and Gazprom is to lay the groundwork for the launch of the Nord Stream 2 gas pipeline. The gas conflict with Moldova could have had a negative impact on the image of this project, which ultimately prompted Gazprom to sign a new, five-year contract for gas supplies to Moldova – […]

PGNiG Upstream Norway and its licence partners successfully completed a wildcat exploration well on the Egyptian Vulture prospect in the Norwegian Sea. The discovered reservoir may contain as much as 63 million barrels of crude oil.

The current gas crisis has drawn attention to the actual owners of Germany’s gas storage facilities, which are German in name only. However, few have noticed that Germany’s entire gas system is either directly or indirectly managed by Russians. It took Moscow almost 20 years to acquire German energy assets – writes Mariusz Marszałkowski, editor […]