GAS.

GAZ-SYSTEM together with TSOs of the CEE region are pleased to publish the Gas Regional Investment Plan 2019 (CEE GRIP) which provides a specific regional view of supply, demand and capacity developments in the CEE region for the upcoming decade.

In 2019, the PGNiG Group posted revenue of PLN 42.02bn, which represents a two percent year-on-year increase. EBITDA and net profit came in at PLN 5.5bn and PLN 1.37bn, respectively.

Gas prices across the world are at an all-time low because of the global economic slowdown, development of alternate supply sources of the blue fuel and growth of the LNG market. However, not all consumers will see the price drop immediately. This is because some contracts, like the Yamal deal, are indexed to oil prices […]

– We hope that joint position of the EC and USA will not allow Gazprom to complete Nord Stream 2. Poland and Ukraine could get significant synergies from deeper integration of their gas markets – states Serhiy Makogon, Ukrainian GTS Operator CEO.

The company concluded an agreement with Zespół Elektrociepłowni Wrocławskich KOGENERACJA S.A. on the connection of a new gas and steam unit to the transmission network. This investment is of key importance for Wrocław and its surroundings. At the moment CHP Plant Czechnica produces energy by burning coal and biomass.

If we continue with business as usual and do not make the necessary investments in clean technologies, we will not achieve a climate neutral Europe in 2050 – says the German MEP of Greens/EFA Reinhard Bütikofer in an interview for BiznesAlert.com.

Gazprom is putting a brave face again and announcing new completion dates for Nord Stream 2. Just like before, the new deadlines are just propaganda. However, it is possible for Russia to finish the project on its own. One of the solutions is the Akademik Chersky vessel that will soon reach the Baltic Sea – […]

The company Polskie LNG from the GAZ-SYSTEM Group has signed a contract for the extension of the existing LNG re-gasification facility by adding further SCV (Submerged Combustion Vaporiser) units. This will increase the current re-gasification capacity of the President Lech Kaczyński LNG Terminal in Świnoujście by 50%.

Gazprom’s failures are affecting its CEO who started to get rid of inconvenient associates last year. However, this is not a sign that Russia’s energy policy is changing, rather it’s Miller’s attempt at cementing his own weakening position. Moscow’s energy policy is designed by the Kremlin and Gazprom is its tool, nothing more – writes […]

What happened in oil, gas and electricity sectors since the beginning of this month? Analysis by Madalina Vicari and Wojciech Jakóbik.