Polish Briefing 19 May, 2020 9:00 am   
COMMENTS: Mateusz Gibała

Polish Briefing: PGNIG does not rule out acquisitions in the heating sector

What goes on in Poland on the 19th of May.

Kwieciński: PGNIG does not rule out acquisitions in the heating sector

– We review the portfolio of our investments in each segment. What interests us most is the heating sector, where we are already present with our company PGNiG Termika. It is the second largest entity on the heating market in Poland. Due to the fact that we see the tendency to switch from coal to gas, our presence in this sector is desirable – said PGNiG president Jerzy Kwieciński in an interview for

– It is possible that there will be acquisitions on the heating market this year. It will depend on the analyzes performed. We look very carefully before making every business decision, both from the market and economic side – added Kwieciński.

The auction allowed to reserve 93 percent of June’s capacity in the Yamal Gas Pipeline

The auction on the Gaz-System electronic platform for the reservation of transmission capacity of the Yamal Gas Pipeline has ended. The auction began at 9.00 am Polish time on May 18 this year. It concerned reservations from June 1 to July 1, 2020. The auction summary shows that at the entry point in SGT Kondratki 36,135.331 MWh / h was auctioned out of the total offered 38,321.203 MWh / h. This means that about 93 percent of the transmission capacity of the Yamal Pipeline was available in June.