Polskie Górnictwo Naftowe i Gazownictwo S.A.

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PGNiG : Current Report No. 9/2018

January 30, 2018 at 07:10 am EST

Current Report No. 9/2018

2018.01.30 12:26 Current Report No. 9/2018

Warsaw, January 30th 2018
Conclusion of transmission agreement between PGNiG and Energinet as a part of Baltic Pipe's Open Season 2017
Current Report No. 9/2018
Further to Current Report No. 90/2017 of October 31th 2017 and No. 3/2018 of January 22nd 2018, the Management Board of Polskie Górnictwo Naftowe i Gazownictwo S.A. ('PGNiG', 'Company') announces that today acquired the information that on January 29th, as a result of signing by Energinet representatives, an agreement with Energinet was signed for provision of transmission gas services in the period from October 1st, 2022 until September 30th, 2037 as a part of Baltic Pipe's Open Season 2017 ('transmission agreement') that applies to transportation of gas from Norway to Poland, through Denmark.
Conclusion of transmission agreements with the operators of transmission networks i.e. Energinet and Gaz System S.A. of the total estimated amount of PLN 8.1 billion is the last stage of the Open Season 2017 procedure.

PGNiG - Polish Oil & Gas Company published this content on 30 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 January 2018 12:09:14 UTC.

Original documenthttp://en.pgnig.pl/investor-relations/reports/current/-/reports/details/current-report-no-9-2018?_currentreportssearcherportlet_WAR_raportlistportlet_year=2018&_currentreportssearcherportlet_WAR_raportlistportlet_articleId=2260469

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Polskie Górnictwo Naftowe i Gazownictwo S.A. is the leading Polish produce of natural gas. Net sales break down by activity as follows: - trading and storage of natural gas (77.1%); - distribution of natural gas (10.7%); - exploration and production of hydrocarbons (8%); - production of electricity and heating (3.8%); - other (0.4%). Poland accounts for 85.5% of net sales.

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