The PGNiG Group holds the leading position in most segments of the Polish gas sector, i.e. in oil and gas exploration and production, gas fuel storage, natural gas trading and natural gas distribution.
Segments’ contribution to revenue and EBITDA, 2014
The Group’s oil and gas upstream operations, carried out primarily in Poland and on the Norwegian Continental Shelf, provide it with a competitive advantage on the liberalised gas market.
The Group’s trade and storage operations focus on selling natural gas imported from other countries or produced from domestic fields, and on providing gas supplies at times of peak demand.
The distribution operations involve the supply of gas to customers via the distribution network, as well as extending and upgrading the gas network.
In 2012, the PGNiG Group expanded its operations to include electricity and heat generation and sale.
Segments’ contribution to EBITDA, 2013−2014
EBITDA by business segments, 2009−2014, PLNm
Segments’ contribution to revenue and EBITDA, 2014
Group structure
As at the end of 2014, the PGNiG Group comprised PGNiG (the parent) and 30 production, trade or service companies, including 21 direct subsidiaries and 9 indirect subsidiaries of PGNiG.
Consolidated PGNiG Group companies
| Parent |
Abbreviated name used in the 2014 Annual Report |
|
Polskie Górnictwo Naftowe i Gazownictwo SA
|
PGNiG
|
|
|
|
Segment
|
Subsidiaries
|
|
Share capital (‘000)
|
PGNiG’s ownership interest
|
|
Exploration and Production
|
Exalo Drilling SA
|
Exalo Drilling
|
PLN 981,500
|
100%
|
|
Oil Tech International F.Z.E.
|
|
USD 20
|
100%
|
|
Poltava Services LLC
|
|
EUR 20
|
99%
|
|
GEOFIZYKA Kraków SA
|
GEOFIZYKA Kraków
|
PLN 64,400
|
100%
|
|
GEOFIZYKA Toruń SA
|
GEOFIZYKA Toruń
|
PLN 66,000
|
100%
|
|
PGNiG Upstream International AS
|
PGNiG UI
|
NOK 1,092,000
|
100%
|
|
Polish Oil and Gas Company Libya B.V.
|
POGC Libya
|
EUR 20
|
100%
|
|
Trade and Storage
|
PGNiG Obrót Detaliczny Sp. z o.o.
|
PGNiG OD
|
PLN 1,091,000
|
100%
|
|
PGNiG Sales & Trading GmbH
|
PST
|
EUR 10,000
|
100%
|
|
XOOL GmbH (EUR)
|
|
EUR 500
|
100%
|
|
Operator Systemu Magazynowania Sp. z o.o.
|
OSM
|
PLN 15,290
|
100%
|
|
PGNiG Finance AB
|
PGNiG Finance
|
SEK 500
|
100%
|
|
Distribution
|
Polska Spółka Gazownictwa Sp. z o.o.
|
PSG
|
PLN 10,454,207
|
100%
|
|
Powiśle Park Sp. z o.o.
|
|
PLN 81,131
|
100%
|
|
GAZ Sp. z o.o.
|
|
PLN 300
|
80%
|
|
Generation
|
PGNiG TERMIKA SA
|
PGNiG TERMIKA
|
PLN 670,325
|
100%
|
|
Other Activities
|
Geovita SA
|
Geovita
|
PLN 86,139
|
100%
|
|
PGNiG Technologie SA
|
PGNiG Technologie
|
PLN 182,127
|
100%
|
|
PGNiG Serwis Sp. z o.o.
|
PGNiG Serwis
|
PLN 9,995
|
100%
|
|
B.S. i P.G. Gazoprojekt SA*
|
Gazoprojekt
|
PLN 4,000
|
75%
|
* PGNiG has the right to appoint the majority of the company’s Supervisory Board members. PGNiG’s direct interest in the share capital of B.S. i P.G. Gazoprojekt SA is 22.50%. In addition, PGNiG holds a 52.50% indirect interest in the company through PGNiG Technologie SA.
Non-consolidated companies
| Subsidiaries |
Share capital (‘000) |
PGNiG’s ownership interest |
|
BUD-GAZ PPUH Sp. z o.o. in liquidation
|
PLN 52
|
100%
|
|
Polskie Elektrownie Gazowe Sp. z o.o. in liquidation
|
PLN 1 212
|
100%
|
|
PGNiG SPV 5 Sp. z o.o.
|
PLN 250
|
100%
|
|
PGNiG SPV 6 Sp. z o.o.
|
PLN 250
|
100%
|
|
PGNiG SPV 7 Sp. z o.o.
|
PLN 250
|
100%
|
|
NYSAGAZ Sp. z o.o.
|
PLN 9,881
|
66.28%
|
|
Zakład Gospodarki Mieszkaniowej Sp. z o.o.
|
PLN 1,806
|
100%
|
|
Ośrodek Badawczo-Rozwojowy Górnictwa Surowców Chemicznych CHEMKOP Sp. z o.o.
|
PLN 3,000
|
85.51%
|
|
Zakład Separacji Popiołów Siekierki Sp. z o.o.
|
PLN 1,000
|
70%
|
|
Gas Assets Management Sp. z o.o. in formation
|
PLN 20
|
100%
|
