Wednesday, May 20, 2015

The Company dated: Many takers for rebates for gas PGNiG – Money.pl

2015-05-20 12:18

 Company dated: Many takers for gas discounts at PGNiG

[Photo: PGNiG]

With the rebate program has already benefited provider PGNiG responsible for 85 percent of the received gas from the company. The boom on the oil market favors the performance of the gas giant. It has operations in Russia, Belgium, Pakistan, Belarus, Ukraine, Norway, Libya, Germany and Sweden, Poland has filed a complaint last week on Gazprom, which slightly damaged the listed shares of the WIG20 index.

As reported on Wednesday, Polish Mining and Gas for a new rebate program enrolled a total of 30 suppliers receiving 85 percent of the volume of gas sold. The data refer to the so-called service. strategic clients receiving during the year more than 25 million cubic meters of gas. Other customers are served by PGNiG Retail turnover.

“Rebate Program It is aimed at existing and potential customers of PGNiG SA. Customers joining the program will receive a discount on the price tariff. The discount will refer to the current prices on the Power Exchange and will depend on the incoming number and uniformity issues. For the greatest benefit offered to the recipient receives equally large volumes of gas, “- reads located on the company’s website.

Currently, the price of gas on the Polish Power Exchange is strongly related to gas prices in the markets of Western Europe. A similar formula introduced a discount program.

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About the rebate program, the company announced already in mid-April. In an earlier statement we could also read that the program is expected to last no longer than until the eventual dismissal by the President of URE, PGNiG from the obligation to submit tariffs for approval. To accede to the recipient must submit a statement to that effect and pick up at least 80 percent of the ordered fuel.

The creation of this program, the company’s response to the release of the gas market which, as stated by the president Zawisza, is imminent.

PGNiG shares since the beginning of the year gave a lot to earn. Since the beginning of January, the increase was 45 percent. Last Thursday we had to deal with a large drop for the wave of information on the referral by the company against Gazprom application to the Court of Arbitration in Stockholm. The case concerns the price of gas from Yamal contract signed in September 1996. Polish party complains that he pays more for gas than European customers. On this day the company’s shares listed on the WIG20 index lost about 8.35 percent.

The company is engaged in exploration and production of natural gas and crude oil, as well as import, storage, sale and distribution of gas heat and electricity. It has branches in countries such as Russia, Belgium, Pakistan, Belarus and Ukraine, Norway, Libya, Germany and Sweden.

In the first quarter of this progress, the company earned 1.2 billion zlotys at 10-fold higher revenues of sales. Preferably, the results influenced by falling prices of gas and coal on global markets. In the first three months of 2014 years profit was 5.4 percent lower.

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