Search results for: PLN

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  • 23 April 2012

    On 12 April 2012, GAZ-SYSTEM of Poland signed a construction work agreement with the Nafta-Gaz-Serwis company for the Szczecin-Gdańsk pipeline, Stage 1 Płoty-Karlino. The company was selected under public tender proceedings. The value of the signed agreement amounts to 49,925,000.00 PLN. The Szczecin-Gdańsk gas pipeline 265 km in length is located in the territory of […]

  • 4 March 2014
    Business & Finance

    The PGNiG Group plans to spend around $1.5B in 2014, mostly in the upstream segment and on expansion and upgrade of its gas network. The Polish company has earmarked $622 million ( PLN 1.9bn ) for exploration and production of hydrocarbons from domestic and foreign assets, of which the largest part  ( $295 million – […]

  • 29 February 2012

    Poland’s GAZ-SYSTEM said that in February 2012, the building permit decisions were granted for Stage 1 and Stage 3 of the Szczecin-Gdańsk gas pipeline on the Płoty-Karlino section approx. 61.95 km in length (Stage 1) and on the Koszalin-Słupsk section with the Reblino system of in/out gas locks approx. 69 km in length (Stage 3). […]

  • 25 June 2012

    GAZ-SYSTEM of Poland said it has recently signed a contract with ZRUG Poznań sp. z o.o. to build the Szczecin – Lwówek gas pipeline. ZRUG Poznań, a company headquartered in Poznan, is the leader of a consortium which includes Polimex-Mostostal SA headquartered in Warsaw. The contract is signed for the construction of the Szczecin-Lwówek gas […]

  • 30 October 2006

    Italian FVH will buy shares worth PLN 20m (EUR 5.2m). Another stake will be acquired by Ukrainian Donbas. Stocznia Gdansk shipyard is going to invest PLN 200m. First, it needs PLN 50m. The Agency of Industrial Development (ARP) has agreed to raise the shipyard’s capital by PLN 20m at first. The investor would have a […]

  • 20 March 2012

    Poland’s PGNiG said its 2011 net profit was PLN 1.63bn, having fallen by PLN 831m year on year due to losses incurred on gas sales. One of the main factors driving down net profit was a 6 pp drop in margin on sales of high-methane gas, which declined from 3% in 2010 to -3% in […]

  • 24 June 2013

    The regional LNG Terminal in Swinoujscie received additional EU support. The amount of the subsidy from the Operational Programme Infrastructure and Environment granted for the project was increased from PLN 551.8 million to PLN 601.8 million. This additional support means that the total amount of EU funding received so far accounts for almost 30 per […]

  • 20 November 2018
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology

    UK-based marine renewable energy developer SBS has submitted a preliminary grid extension feasibility study to Indonesia’s state-owned electrical utility as part of Nautilus tidal energy project development.

  • 14 August 2013

    In the first half-year of 2013, the PGNiG Group posted approximately PLN 1.43bn in net profit, versus PLN 45m in the same period last year. The over thirty-fold rise in net profit was driven by a substantial increase in the volumes of crude oil produced and sold after the production facility in Lubiatów and the […]

  • 17 December 2012

    GAZ-SYSTEM S.A. and Krakow’s Oil and Gas Institute (as the Implementing Institution) signed four annexes to previously concluded co-financing agreements which confirm the current amounts of EU support for the following projects:  the Szczecin-Gdańsk Pipeline (265 km), Szczecin-Lwówek Pipeline (188 km), Rembelszczyzna-Gustorzyn Pipeline (176 km) and the Gustorzyn-Odolanów Pipeline (168 km). The annexes were signed […]

  • 27 June 2014
    Business & Finance, Equipment, Technology

    On 17 June of this year, the Port of Gdansk Authority SA together with project contractors and building control representatives signed contracts for the execution of works under the project “Expansion of an intermodal container terminal at the Port of Gdansk’s Szczecinskie Quay”. This is the first PGA SA project in a long time that […]

  • 17 June 2014

    Gaz-System of Poland signed an agreement with the European Investment Bank (EIB) for the financing of the Lwówek – Odolanów gas pipeline being currently under design. The financing will consist in a project loan to be taken out by Gaz-System up to the maximum amount of PLN 410 million, which may be drawn in full or […]

  • 16 May 2012

    Polish Gas Transmission Operator GAZ-SYSTEM said it has obtained all the necessary corporate approvals to raise the share capital of its subsidiary Polskie LNG by the amount of 398 mln PLN. The share capital of Polskie LNG will be raised by 398 thousand new, ordinary registered shares with a nominal value of 1,000 PLN per […]

  • 24 December 2012

    On December 19th 2012, Polskie Górnictwo Naftowe i Gazownictwo SA issued notes totalling approximately PLN 700m under the Note Issuance Programme of May 22nd 2012. The notes are short-term unsecured discount bearer notes in book-entry form, maturing in 3, 6 and 12 months. All the notes are denominated in the Polish złoty and were offered […]

  • 7 January 2013

    The amount of the Operational Programme – Infrastructure and Environment (OPI&E) grant for the construction of the LNG terminal in Świnoujście has been significantly increased. The maximum sum of the subsidy was increased from PLN 456 million to PLN 551.8 million. This confirms that so far the policy of spending the resources has been considered […]

  • 12 November 2012

    In Q1-Q3 2012, the PGNiG Group earned net profit of PLN 48m, compared with PLN 1.32bn in the corresponding period of the previous year. In Q3 2012, the Group’s net profit dropped 80%, to PLN 65m, from PLN 319m a year ago. The Group’s operating result for Q1-Q3 2012 was most significantly affected by a […]

  • 22 December 2016
    Project & Tenders

    Houston-based LNG engineer, KBR, has won an engineering and design services contract from PT PLN in Indonesia, that includes a feasibility study for LNG regasification and gas supply to gas-fueled power plants.

  • 23 August 2012

    In H1 2012, the PGNiG Group recorded a PLN 17m loss, relative to a PLN 1bn profit reported for the corresponding period of the previous year. The loss was incurred despite a 28% growth in revenue, to PLN 14.8bn. It was driven by factors over which the Company had limited control, including primarily the rising […]

  • 22 January 2014

    Standard Chartered Bank has signed two 12-year term loan facilities for EUR 160 million with PT Perusahaan Listrik Negara (Persero) (PLN), the national electricity company of Indonesia. The loans will be used to finance two PLN gas power plant projects, which include the procurement of 35 Wärtsilä 34SG gas fired engines. Finnvera, the Finnish export […]

  • 7 September 2017
    Business & Finance

    Keppel Offshore & Marine (Keppel O&M) has entered into a deal to explore opportunities in the development of small-scale liquefied natural gas (LNG) distribution in West Indonesia. The Heads of Agreement (HOA) was signed with Pavilion Energy and Indonesia state-owned PT Perusahaan Listrik Negara (PLN) at the Singapore-Indonesia Leaders’ Retreat in Singapore. The HOA intends to […]

  • 13 March 2014

    On 11 March 2014 in Warsaw, the Centre for EU Transport Projects and Port of Gdansk Authority SA entered into a grant agreement for the Project Expansion of the intermodal container terminal in the area of the Szczecinskie Quay in the Port of Gdansk. On behalf of the beneficiary, the agreement was signed by Ms […]

  • 27 June 2014
    Business & Finance

    The Port of Gdansk Authority SA, has signed contract for the execution of works under the project “Expansion of an intermodal container terminal at the Port of Gdansk’s Szczecinskie Quay”. This is the first PGA SA project in a long time that is co-funded by the European Union. It is set to initiate a number […]