PGNiG – Company Profile
PGNiG’s core business consists in the production and sale of natural gas and crude oil. Both domestically and abroad, we are engaged in geophysical and geological research, exploration for and production of hydrocarbons, as well as preparation of products for sale.
The Group sells natural gas produced in Poland and imported gas. To secure stable and continuous supplies of natural gas, the PGNiG Group stores gas in eight modern underground gas storage facilities. Gas is supplied to our customers through thousands of kilometres of pipelines, owned and operated by six regional Gas Distribution Companies.
PGNiG has been listed on the Warsaw Stock Exchange since September 2005. The PGNiG Group has enjoyed the growing trust and confidence of the capital market and has been assigned excellent credit ratings. Our strong position is confirmed by the fact that PGNiG shares are included in the WIG20, the blue-chip index of the Warsaw Stock Exchange. Since October 2009, the shares have also been included in the “RESPECT Index” of socially responsible companies. In April 2012, PGNiG ranked fifth on the “500 List” of the Rzeczpospolita daily, featuring the largest Polish companies in 2011.
| 2011 | 2010 | 2009 | |
| PGNiG Head Office | 838 | 840 | 833 |
| Exploration and Production | 12,054 | 11,592 | 10,800 |
| Trade and Storage | 3,841 | 3,809 | 3,836 |
| Distribution | 13,865 | 13,881 | 13,851 |
| Other Activities | 2,185 | 2,296 | 2,073 |
| Total | 32,783 | 32,418 | 31,393 |
Structure of the PGNiG Group
As at the end of 2011, the PGNiG Group comprised PGNiG (the parent) and 36 production and service companies, including:
Material changes in PGNiG Group structure in January 2012
In January 2012, PGNiG SPV 1 Sp. z o.o. executed a final share purchase agreement with Vattenfall AB, whereby PGNiG SPV 1 Sp. z o.o. acquired 24,591,544 shares in Vattenfall Heat Poland SA; the interest accounts for 99.8% of the company’s share capital and confers the right to 99.8% of the total vote at the General Meeting of Vattenfall Heat Poland SA. Vattenfall Heat Poland SA was renamed PGNiG Termika SA.