PGNiG on the outlook for new partners
2008-09-02
Poland’s leader in oil and gas exploration and production, PGNiG, is reported to be in talks with a number of companies on joint investments related to changing existing heat and power generating plants from coal to natural gas.
REKLAMA
Analysts positively evaluate the potential PGNiG investment in the energy sector.
According to ‘Parkiet’ the company might cooperate with nitrogen plants in Puławy and Police. The costs of replacing coal with gas amount to PLN 3 million per 1 MW of electricity produced. This would mean that costs in Puławy would amount to PLN 2.6 billion and PLN 1.8 billion in Police, ‘Parkiet’ reports. However as ‘Parkiet’ points out, for Police and Puławy the most important element of talks with PGNiG is related to deliveries of gas, as both plants are one of the largest buyers of this fuel.
