Monday 3 March 2014
PGNiG : new strategies of development
Together
with changing of the steering committee, the strategy of the group has changed.
It has been observed that less money is being invested in the outsourcing and
more into the storage. Szczęśniak estimates that the shift that took
place this year, towards more investments in infrastructure, is a good decision of the company and of strategic significance. By improving the quality of the gas network, PGNiG should increase sales,
although the change will be noticeable the next year
or in two years.
In 2013, the group allocated 2.4 billion
zloty in various activities. This year, the budget has shrank (to 1.9 billion
zloty) but significant share of this amount will be invested in exploration,
mainly in Poland, in 33 wells. 10 out of those are related to the shale gas.
But the strategy of allocating new budget
is not the only things that doesn’t allow the steering committee members to
sleep tight. The new Management Board of
PGNiG is preparing for tough
negotiations with Qatargas to supply liquefied
natural gas terminal built
in Swinoujscie (North-West Poland, at the border with Germany).
According to Andrzej Szczesniak, there
is a need of renegotiating the first delivery of the gas as the terminal is not
finished. Previously scheduled at the end of June this year, at the moment, it
is certain that the deliveries will not be possible. Instead of again
discussing the price of LNG, it is worth planning new date for the first transfers
from Qatar.
Polskie
Górnictwo Naftowe i Gazownictwo (PGNiG, literally: Polish Petroleum and Gas Mining) is a Polish
state-controlled oil and natural gas company, which deals with the exploration
and production of natural gas and crude oil, natural gas import, storage and
distribution and sales of natural gas and crude oil. PGNiG is one of the
largest companies in Poland and is listed on the Warsaw Stock Exchange
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