STRATEGY OF THE PGNiG GROUP FOR 2017–2022
GRI 103-2
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Segment
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Ambitions
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Objectives
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Execution
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Exploration and Production
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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 |
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| * CAPEX including expenditure on acquisition of hydrocarbon deposits. | |||
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Segment
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Ambitions
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Objectives
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Execution
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Trade and Storage
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Retail: Maintain current market position and maximise margins
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Maximise retail margins while maintaining the total volume of retail gas sales at ca. 67–69 TWh/year | |
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Segment
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Ambitions
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Objectives
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Execution
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Trade and Storage
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Storage: Ensure availability of storage capacities
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Ensure availability of storage capacities adjusted to actual demand and improve storage efficiency |
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Segment
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Ambitions
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Objectives
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Execution
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Trade and Storage
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Wholesale trade: Diversified and competitive gas supply portfolio
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Build a diversified and competitive gas supply portfolio beyond 2022 Increase total volume of natural gas sales by ca. 7% |
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Segment
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Ambitions
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Objectives
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Execution
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Distribution
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Step up gas network roll-out in Poland
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Construct more than 300,000 new gas service lines Increase gas distribution volumes by ca. 16% |
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Segment
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Ambitions
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Objectives
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Execution
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Generation
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Increase energy generation volumes
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Increase power and heat sales volumes by ca. 20% |
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Segment
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Ambitions
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Objectives
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Execution
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Corporate Centre
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Effective business model, development of R&D&I and CSR
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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 |
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