Poland's largest fuel company PKN Orlen has signed a letter of intent with the State Treasury to gain control over the country's gas monopolist PGNiG, PKN Orlen said in a Tuesday statement.
Commenting on the money transfer, presidential aide Krzysztof Szczerski said on Wednesday that Poland had won a huge diplomatic and legal victory over Gazprom.
On June 5, PGNiG and Gazprom signed an annex to the Yamal contract, under which the Polish company expects to receive a USD 1.5 bln net return by July 1, 2020, PGNiG has said in a statement.
Gas giant PGNiG has signed its biggest ever contract to build a regasification plant providing 19,000 tonnes of Liquified Natural Gas (LNG).
Polish gas monopolist PGNiG plans to extract 115,000 of crude oil from the Skogul deposit in Norway in 2020, PGNiG reported in a communique on Monday.
Germany's Bundesnetzagentur energy regulator on Friday refused derogation to the German-Russian Nord Stream 2 gas pipeline project, thus subjecting it to EU regulations. Polish Deputy PM Jacek Sasin said the decision meant a victory for Poland.
PGNiG Upstream Norway, a subsidiary of Polish gas monopolist PGNiG, has finalised the purchase of shares in the Gina Krog and Alve Nord fields, PGNiG has said in a press release.
Poland's PGNiG oil and gas corporation has received the third consignment of US LNG under a long-term deal with the US Cheniere company, PGNiG CEO Jerzy Kwieciński said on Tuesday.
Poland's gas market leader PGNiG has become on April 1 the sole user of the small-scale LNG reloading station in Klaipeda, Lithuania, which means that the Polish company has the exclusive right to use the LNG reloading station located in the Lithuanian seaport.
Poland's gas monopolist PGNiG has won a lawsuit against Russia's Gazprom regarding the revision of the contract price for gas supplied by Gazprom under the 1996 Yamal Contract.