STRATEGY OF THE PGNiG GROUP FOR 2017–2022

GRI 103-2
 
 
Segment
Ambitions
Objectives
Execution 

Exploration and Production

Increase hydrocarbon reserves and production Expand the documented resource base by ca. 35%
Increase hydrocarbon production by ca. 41%
Significantly reduce unit cost of exploration and appraisal activities
Maintain unit cost of hydrocarbon development and production

 

 

* CAPEX including expenditure on acquisition of hydrocarbon deposits.
Segment
Ambitions
Objectives
Execution 

Trade and Storage

Retail: Maintain current market position and maximise margins

Maximise retail margins while maintaining the total volume of retail gas sales at ca. 67–69 TWh/year
Segment
Ambitions
Objectives
Execution 

Trade and Storage

Storage: Ensure availability of storage capacities

Ensure availability of storage capacities adjusted to actual demand and improve storage efficiency
Segment
Ambitions
Objectives
Execution 

Trade and Storage

Wholesale trade: Diversified and competitive gas supply portfolio

Build a diversified and competitive gas supply portfolio beyond 2022
Increase total volume of natural gas sales by ca. 7%

 

 

Segment
Ambitions
Objectives
Execution 

Distribution

Step up gas network roll-out in Poland

Construct more than 300,000 new gas service lines
Increase gas distribution volumes by ca. 16%

 

 

Segment
Ambitions
Objectives
Execution 

Generation

Increase energy generation volumes

Increase power and heat sales volumes by ca. 20%

 

Segment
Ambitions
Objectives
Execution 

Corporate Centre

Effective business model, development of R&D&I and CSR

Increase involvement in and effective execution of R&D&I projects (target outlays of ca. PLN 680m)
Improve operational efficiency across the PGNiG Group 
Enhance the Group’s image