Polish Briefing 25 September, 2018 9:00 am   
COMMENTS: Mateusz Gibała

Polish Briefing: Gazprom dethroned in the giants ranking. Success of Tauron and Enea

What goes on in Poland on the 25th of September.

Gazprom dethroned in the giants ranking. Success of Tauron and Enea

This year, Exxon Mobil again took the first place in the ranking of the largest energy companies in the world prepared by S&P Global Platts Top 250. The second and third places were taken by Lukoil and Phillips respectively 66. Last year’s leader, Russian Gazprom, fell to 17th place. The list also includes six Polish companies.

Companies are compared in terms of assets, revenues, profits and return on capital invested. It is worth noting that from 2005 to 2016, Exxon Mobil held the position of the leader of the ranking.
The ranking also included Polish energy concerns: PKN Orlen (45th), PGNiG (95th), PGE (122th), Grupa LOTOS (157th), Tauron (176th) and Enea (208th). Compared to last year, Tauron and Enea recorded the largest increase in their position, which in the ranking for 2017 took respectively 236th place (60th places jump) and 214th place (six places jump). Other companies recorded a decline in the ranking. For comparison, in 2017 PKN Orlen took 43 place (drop by 2 positions), PGE – 85 place (drop by 37 positions) and PGNiG – 86 place (decrease by 9 positions). As in 2017, this time Energa was not included in the summary.

Green PSE light for synchronization of the Baltic countries by Poland

According to information provided by the media of the Baltic states, on Friday, September 21st, Polskie Sieci Elektroenergetyczne submitted a request to the European Network of Transmission System Operators (ENTSO-E) for synchronization of Lithuania, Latvia and Estonia with the European energy system. Similar proposals were sent on Wednesday to PSE operators from three Baltic countries.

On Friday, the Polish side submitted an official application to the European Network of Transmission System Operators (ENTSO-E) – writes the Baltic Course portal. It also quoted the spokeswoman of PSE, Beata Jarosz-Dziekanowska, who confirmed this information. – I confirm that today we have sent a request to the continental European regional group for the Baltic states to expand the European synchronous space of transmission systems – said Beata Jarosz-Dziekanowska to BNS.

Still on Wednesday operators of transmission networks of the Baltic states sent an application to PSE for connection with the European power system by means of a synchronization process. – Today I have signed the application of Estonia and other Baltic States to join the synchronous area of ​​continental Europe by 2025. This is a milestone after almost 10 years of preparation and six years ahead of us! – wrote Taavi Veskimagi, president of the Estonian operator Elering in the social media on Wednesday. Submitting the application will allow to start the synchronization process.