Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
PGNiG
Global investment

Polish corporation PGNiG invests in alternative energy industry

10.02.2021
2 min read

New development strategy of PGNiG oil and gas corporation

PGNiG Oil Corporation pays special attention to environmental problems. The main Polish producer and supplier of raw materials has contributed to the development and promotion of alternative energy. The company has allocated 1 billion dollars for green technologies. Within this framework, a new strategy of PGNiG activities will be developed, which will enable the company to develop and strengthen its position on the market without harming the environment.
In the near future the corporation plans to create a new direction that will work in the field of renewable energy sources. According to the statement of PGNiG management, they plan to direct part of their efforts to production of hydrogen and biomethane, as well as to expand opportunities for their use. The corporation wants to show by its own example that alternative sources of energy are the future of modern energy, while oil is gradually falling into the background. Therefore, in order to maintain stable leadership in the market, it is necessary to move away from traditional raw materials and expand options through solar, wind, hydrogen and other green technologies. In addition, the introduction of the new direction will increase the value of PGNiG and its revenues, as well as contribute to economic transformation and reduce emissions to zero.

PGNiG

According to the management of PGNiG, they consider the most promising wind energy and projects related to the transformation and generation of solar energy. In addition, the corporation is developing its own projects and plans to build new renewable energy facilities.
Another direction of the Polish company is the expansion of gas deposits outside the country. As part of this strategy, PGNiG has acquired part of the assets of the facility in Norway, from which raw materials will be transported via Baltic Pipe pipeline to Poland. The project was named Tommeliten Alpha and its main objective is to diversify supplies and strengthen PGNiG’s position. According to the results of the new field, the corporation’s production volume has increased by 0.5 billion cubic meters of gas. The same figures are forecast for the next 6 years. Besides, the facility in Norway allows expanding production of oil and gas condensate up to 500 thousand tons.
The Polish PGNiG Corporation is state-owned, it was established in 1976 as an association of mining oil and gas production or ZGNiG, and by 1982 the relevant ministry of the country decided to transform it into PGNiG. The company initially operated as a multi-stage structure, but in 1996 it became a joint stock company, which included six enterprises located in different cities of Poland. Now PGNiG has representative offices and subsidiaries in other countries and is responsible for gas transportation to the state.

Tags: Global investment
0
Previous Post OFZ by the Ministry of Finance will be listed on the St. Petersburg Stock Exchange Next Post Capital Economics analysts gave a disappointing forecast of European economy

You Might Also Like

self-driving cars developer Cruise
Global investment
Microsoft has partnered on an autonomous vehicle project
28.10.2021
Chinese company Xiaomi-2
Global investment
Chinese company Xiaomi will produce electric cars
27.12.2021
Asian infrastructure
Global investment
Infrastructure in Asia attracts investors
06.01.2023
Jio Platforms
Global investment
Indian telecommunications company Jio Platforms has received $9 billion in investments
21.01.2021
Relativity Space
Global investment
Aerospace company Relativity Space has attracted investments in the amount of 500 million dollars
30.07.2021
revolut ltd
Global investment
Fintech-startup Revolut Ltd received $500 million investment
02.11.2020

Recent Posts

  • 1Erik Penser
    Erik Penser: the ups and downs of the Swedish businessman
    30.03.2023
  • 2Royal Dutch Shell logo
    Royal Dutch Shell: the history of the British-Dutch company
    29.03.2023
  • 3discount window features
    Discount window: peculiarities of lending from the Federal Reserve System
    28.03.2023
  • 4LG Energy Solution
    LG Energy Solution invests in battery production expansion
    27.03.2023
  • 5troubled crypto exchanges-2
    SEC to closely monitor troubled crypto exchanges
    26.03.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Developer Samolet placed its shares at Moscow Stock Exchange

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Latest Posts

Japanese Central Bank
Japan’s Central Bank widened the range of bond yields
31.03.2023
Erik Penser
Erik Penser: the ups and downs of the Swedish businessman
30.03.2023
Royal Dutch Shell logo
Royal Dutch Shell: the history of the British-Dutch company
29.03.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Developer Samolet placed its shares at Moscow Stock Exchange
  • How the European stock market will change after Brexit
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics