• logo: PGNIG

  • integrated report 2019

OVERVIEW

GRI 102-1, 102-2, 102-3, 102-4, 102-5, 102-6, 102-45 
 
Polskie Górnictwo Naftowe i Gazownictwo Spółka Akcyjna (PGNiG) has its registered office at ul. Marcina Kasprzaka 25, Warsaw, Poland. PGNIG is the Parent of the PGNiG Group (the Group). Its shares have been listed on the Warsaw Stock Exchange (WSE) since September 2005. The State Treasury is the majority shareholder of PGNiG.

PGNiG is the leader of the natural gas market in Poland and one of the largest companies listed on the WSE. PGNiG’s business comprises exploration for and production of natural gas and crude oil. Through the Group’s key companies, PGNiG is also active in the area of import, storage, sale and distribution of gas and liquid fuels, as well as heat and electricity generation and distribution.

The PGNiG Group plays a key role on the Polish gas market and, as the market leader, takes responsibility for maintaining Poland’s energy security. Therefore, it takes measures necessary to satisfy the steadily growing demand for gas fuel. The PGNiG Group ensures supply diversification by developing domestic deposits and sourcing gas from abroad, as the largest importer and supplier of natural gas in Poland. The fuel is transported to Poland via an extensive transmission network and the President Lech Kaczyński LNG Terminal in Świnoujście. Gas is delivered to end users mainly through the distribution networks. The national gas system is complete with gas fuel storage facilities, used to cover seasonal and daily shortages of gas fuel.

PGNiG has foreign branches and representative offices in Pakistan, the United Arab Emirates, Russia, Belgium and Belarus, and holds equity interests in some 30 companies, including providers of specialist geophysical, drilling and well services, highly valued on international markets. 

PGNiG is the sole owner of PGNiG Upstream Norway (PUN), engaged in upstream activities on the Norwegian Continental Shelf and the Norwegian Sea, and PGNiG Supply & Trading (PST), which sells gas to wholesale customers abroad. In addition, PST trades on the global LNG market through its London branch.

As at December 31st 2019, the PGNiG Group comprised 35 business entities, including:

  • PGNiG as the parent,
  • 32 production, trade and service companies and 2 mutual insurance companies, including:
    • 19 direct subsidiaries of PGNiG
    • 15 indirect subsidiaries of PGNiG
List of the PGNiG Group subsidiaries as at December 31st 2019
List of the PGNiG Group subsidiaries as at December 31st 2019 
No.
Company name
Share capital
[in PLN, unless stated otherwise]
Value of shares held by PGNiG
[in PLN, unless stated otherwise]
PGNiG’s ownership interest (%, direct holdings)
PGNiG Group’s ownership interest (%, direct and indirect holdings)
Subsidiaries – first tier
1
PGNiG GAZOPROJEKT S.A.
4,000,000
3,749,000
94%
94%
2
EXALO Drilling S.A.
981,500,000
981,500,000
100%
100%
3
GEOFIZYKA Kraków S.A. w likwidacji (in liquidation)
64,400,000
64,400,000
100%
100%
4
GEOFIZYKA Toruń S.A.
75,240,000
75,240,000
100%
100%
5
Geovita S.A.
113,407,782
113,407,782
100%
100%
6
Gas Storage Poland Sp. z o.o.
15,290,000
15,290,000
100%
100%
7
PGNiG Obrót Detaliczny Sp. z o.o.
625,307,815
625,307,815
100%
100%
8
PGNiG Serwis Sp. z o.o.
9,995,000
9,995,000
100%
100%
9
PGNiG Technologie S.A.
272,727,240
272,227,240
100%
100%
10
PGNiG TERMIKA S.A.
1,740,324,950
1,740,324,950
100%
100%
11
Polska Spółka Gazownictwa Sp. z o.o.
10,488,917,050
10,488,917,050
100%
100%
12
PGNiG Supply & Trading GmbH
EUR 10,000,000
EUR 10,000,000
100%
100%
13
PGNiG Upstream Norway AS
1,100,000,000 NOK
1,100,000,000 NOK
100%
100%
14
PGNiG Upstream North Africa B.V.
EUR 20,000
EUR 20,000
100%
100%
15
GAS-TRADING S.A.
2,975,000
1,291,350
43.41%
79.58%2)
16
PGNiG Ventures Sp. z o.o.
1,240,000
1,240,000
100%
100%
17
PGNiG SPV 6 Sp. z o.o.
51,381,000
51,381,000
100%
100%
18
PGNiG SPV 7 Sp. z o.o.
250,000
250,000
100%
100%
19
Polski Gaz Towarzystwo Ubezpieczeń Wzajemnych
40,000,000
40,000,000
100%
100%
Subsidiaries – second tier
20
PGNiG TERMIKA Energetyka Przemysłowa S.A.
370,836,300
370,836,300
-
100%9)
21
GAZ Sp. z o.o.
300,000
300,000
-
100%3)
22
PSG Inwestycje Sp. z o.o.
81,131,000
81,131,000
-
100%3)
23
Oil Tech International F.Z.E.
USD 20,000
USD 20,000
-
100%4)
24
EXALO DRILLING UKRAINE LLC
EUR 20,000
EUR 20,000
-
100%4)
25
PST Europe Sales GmbH
EUR 1,000,000
EUR 1,000,000
-
100%5)
26
Ośrodek Badawczo-Rozwojowy Górnictwa Surowców Chemicznych CHEMKOP Sp. z o.o.
3,000,000
2,565,350
-
85.51%6)
27
CIFL Sp. z o.o.
1,360,000
1,360,000
-
100%7)
28
Gas-Trading Podkarpacie Sp. z o.o.
6,670,627
5,257,524
-
78.82%8)
29
PGNiG Serwis Doradztwo Ubezpieczeniowe Sp. z o.o.
5,000
5,000
 
100%1)
30
PGNiG TERMIKA Energetyka Rozproszona Sp. z o.o.
13,550,000
13,550,000
 
100%9)
31
Zakład Gospodarki Mieszkaniowej Sp. z o.o.
1,806,500
1,806,500
-
100%4)
32
Polski Gaz Towarzystwo Ubezpieczeń Wzajemnych na Życie
20,000,000
20,000,000
100%
100%12)
Subsidiaries – third tier
33
XOOL GmbH
EUR 500,000
EUR 500,000
-
100%10)
34
SEJ-Serwis Sp. z o.o.
200,000
200,000
-
100%11)

1) PGNiG’s interest held indirectly through PGNiG Serwis Sp. z o.o.

2) PGNiG’s direct interest is 43.41%, with a 36.17% interest held indirectly through PGNiG SPV 6 Sp. z o.o.

3) PGNiG’s interest held indirectly through Polska Spółka Gazownictwa Sp. z o.o.

4) PGNiG’s interest held indirectly through EXALO Drilling S.A.

5) PGNiG’s interest held indirectly through PGNiG Supply & Trading GmbH.

6) PGNiG’s interest held indirectly through Gas Storage Poland Sp. z o.o.

7) PGNiG’s indirect interest is 100%: 99.98% is held through PGNiG SPV 6 Sp. z o.o. and 0.02% through PGNiG Ventures Sp. z o.o.

8) PGNiG’s interest held indirectly through GAS TRADING S.A.

9) PGNiG’s interest held indirectly through PGNiG TERMIKA S.A.

10) PGNiG’s interest held indirectly through PGNiG Supply & Trading GmbH and PST Europe Sales GmbH.

11) PGNiG’s interest held indirectly through PGNiG TERMIKA S.A. and PGNiG TERMIKA Energetyka Przemysłowa S.A. (100%).

12) PGNIG ‘s interest held indirectly through Polski Gaz Towarzystwo Ubezpieczeń Wzajemnych.

 

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