PGNiG.

What goes on in Poland on the 4th of February.

PGNiG strengthens its position in the small-scale LNG market, with almost 18% more liquefied gas dispatched by the Company from Świnoujście last year than in 2017.

In connection with media speculation, PGNiG informs that it ceased its activities in the Soumar field in the Islamic Republic of Iran at the end of October 2018, due to the risks arising from reintroducing by the USA sanctions for activity in the Iranian energy sector which took place on November 4, 2018.

PGNiG Upstream Norway, a Norwegian subsidiary of the PGNiG Group, obtained three new licenses from the Ministry of Petroleum and Energy as part of the annual APA 2018 (Awards in Predefined Areas) licensing round. On two of them the company will act as the operator.

On Sunday, January 27th 2019, PGNiG Polish Oil and Gas Company will receive another load of liquefied natural gas. It will be the 50th delivery to the President Lech Kaczyński LNG Terminal in Świnoujście. Thus the total LNG volume purchased so far by PGNiG will amount to approximately 5.7 bcm after regasification.

What goes on in Poland on the 17th of January.

The share of gas imports from Russia in total import volume fell in 2018 to less than 67%. The share of LNG imports increased to over 20%.

PGNiG Upstream Norway AS has acquired a detailed 2D seismic image, which will facilitate the selection of a drilling location in the Shrek prospect within the PL838 licence area. It will be the first well drilled by the PGNiG Group as a licence operator on the Norwegian Continental Shelf.

What goes on in Poland on the 28th of December.

PGNiG Upstream Norway AS obtained a consent of the Norway’s Ministry of Petroleum and Energy to purchase over 42% shares in the Tommeliten Alpha filed from Equinor. The acquisition will allow to increase company’s gas production output from Norwegian portfolio by 0.5 bcm/year.