Polish Briefing 21 June, 2022 7:30 am   
COMMENTS: Mateusz Gibała

Polish Briefing: The EC agrees to Orlen’s plan to merge with Lotos | Energa waits for NABE and the liberalization of the distance act


What goes on in Poland on the 21st of June.

The EC agrees to Orlen’s plan to merge with Lotos

Orlen announced in the current report from June 20 that the European Commission agreed to the implementation of remedial measures, opening the way to the takeover of Lotos.

PKN Orlen has offered, among other things, to transfer 30 percent of the Gdańsk Refinery shares to Saudi Aramco and about 400 petrol stations to the Hungarian MOL. The anti-monopoly regulations of the European Union do not allow a concentration in the form of a merger, such as Orlen-Lotos, without securing the interests of clients through the said remedies. Orlen reports that the agreements on measures should be concluded within six months of their approval by the Commission.

The president of PKN Orlen, Daniel Obajtek, announced that the takeover of Lotos by Orlen will take place at the turn of July and August. – It could have been done before joining the European Union, then we would have no remedial measures – said the president of PKN Orlen, Daniel Obajtek. – We would not be competing inside, but outside. We would be a stronger company.

Energa waits for NABE and the liberalization of the distance act

Energa from the Orlen Group intends to develop Renewable Energy Sources, but hopes that it will be easier thanks to the creation of the National Energy Security Agency (NABE) and the liberalization of the distance act blocking the installation of wind turbines onshore.

– The raison d’être is to base energy production on sources located in the country. Cross-border connections should only serve to balance the network, argued Energa’s vice-president for operational matters, Dominik Wadecki, during the Development Vision Forum.

– Building our own production sources is our responsibility. Fossil supplies have fallen victim to Russia’s economic war with the European Union. Nord Stream 2 was to be another tool in this war. Our portfolio includes two transformation projects, i.e. a unit in Ostrołęka and a steam and gas unit in Grudziądz. These sources will help to stabilize unstable energy sources – reminded Wadecki.