30946
PGNiG Eyes Iran’s Energy Market
Energy

PGNiG Eyes Iran’s Energy Market

Poland’s state-run gas distributor PGNiG is looking at various options in oil and gas exploration and production in Iran once sanctions on the country are lifted, PGNiG’s CEO said. “We are interested in the Iranian market ... and we are considering various business configurations there. We have an office in Iran and are at the stage of examining that market,” Mariusz Zawisza said on Monday, Reuters reported. He noted that PGNiG was considering buying production assets in Norway, the US and Canada that would help it boost own oil and gas output. Zawisza said the €100 million that PGNiG paid France’s Total for stakes in several Norwegian oilfields last year could be a reference point for future acquisitions. The CEO said talks with Russia’s Gazprom, which is PGNiG’s biggest gas supplier, on reducing prices in its long-term contract had reached a “mature” phase. PGNiG is tied to a contract with Gazprom under which it buys up to 10.2 billion cubic meters of gas annually, compared to almost 16 bcm of total gas consumption in Poland.

 

Short URL : http://goo.gl/RDmF90
  1. http://goo.gl/ZuXWMX
  • http://goo.gl/CfoIpa
  • http://goo.gl/Q9fhvF
  • http://goo.gl/DXY83t
  • http://goo.gl/Dybihe

You can also read ...

The South American nation earns 96% of its revenue through oil sales.
Venezuelan oil production crashed to a new 30-year low of 1.5...
45% of Spain Electricity From Renewable Sources
Spain’s transition to a low-carbon economy is making strong...
Norway Oil Strike Set to Escalate
Norway’s ship-owners and two oil unions said on Saturday they...
S. Korea Imports 167K bpd of Iranian Oil in June
South Korea’s imports of Iranian oil fell 40.3% in June from...
TPPHC Elaborates on Operations to Improve Power Plant Efficiency
To save natural resources in power stations and fight the...
Domestic Firms Undertake Rigless Well Operations
Two Iranian oil and gas companies have jointly conducted high-...
3,600 Villages to Join National Gas Grid
The natural gas grid will cover 3,600 villages across the...

Trending

Googleplus