LNG imports by Polish PGNG increased by almost 50% in 9 months

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Polish oil and gas company PGNIG reported that in the first 9 months of this year it increased its imports of liquefied natural gas by 47% compared with the same period last year. During this period, 1 billion 960 million cubic meters of gas was imported, which accounted for 18% of the total gas imports by the company. A year earlier, this figure was 13%. However, rising gas purchase costs increased PGNIG operating expenses by 16%. During this period, its net profit increased by 15% in annual terms. Revenue growth was also 15%. EBITDA increased by 10%. This fall, the Polish company signed two contracts with US companies for the supply of LNG to Poland, one of which was signed for 20 years, the second one - for 24 years.

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