Saturday, April 16, 2016

PGNiG sold more gas and oil – Money.pl

Polish Oil and Gas Company in the first quarter of this year sold 7.98 billion cubic meters of natural gas to 7.69 billion cubic meters in the same period last year, the company said, noting that these are estimates.

gas production amounted to 1.18 billion m3 in the first quarter. It’s the same as a year earlier.

On the other hand, sales of crude oil in the first three months of the year rose to 398 thousand. tons to 348 thousand. tons a year earlier. Oil production in the same period this year amounted to 348 thousand. t.

Import of natural gas amounted to 2.7 billion m3 to 2.57 billion m3 a year earlier, including the East – 2.66 billion m3 (compared to 1.83 billion m3).

“on 31 March 2016 the state of the stocks of gas belonging to PGNiG (including obligatory reserve which is the responsibility of the Ministry of Economy) in underground gas storage facilities of high approx. 0.9 billion m3 of gas. This inventory does not include the volume of natural gas which is the responsibility of the Transmission System Operator Gaz-System SA “- said the company.

PGNiG has reserved that the information provided are estimates and may differ from the final data which will be presented may 9, 2016, during the publication of the interim report .

PGNiG is present on the Warsaw Stock exchange since 2005. the Group is engaged in production of natural gas and crude oil in the country, the import of natural gas to the Polish, storage of gas in underground storage of gas, distribution of gaseous fuels, as well as fitting- natural gas and crude oil in the country and abroad and the provision of services of geological, geophysical and exploration in Poland and abroad.

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