Warsaw, December 22nd 2020
Signing of annex to Individual Contract for gas fuel supplies to ORLEN
Group
Current Report No. 67/2020
Further to Current Report No. 36/2020 of June 25th 2020 and Current
Report No. 66/2020 of December 22nd 2020, the Management Board of
Polskie Górnictwo Naftowe i Gazownictwo S.A. (“PGNiG”) announces that on
December 22nd 2020 PGNiG and Polski Koncern Naftowy ORLEN S.A. (“PKN
ORLEN”) signed an annex to the Individual Contract under the framework
agreement for gas fuel supplies to the ORLEN Group, dated September 29th
2016 (“Individual Contract”).
The annex takes into account the future natural gas demand of the
Ostrołęka C Power Plant and prolongs the duration of the Individual
Contract until December 31st 2027, with an option to extend it further
until December 31st 2028. The applied pricing formula is based on gas
market price indices.
Legal basis:
Article 17(1) of Regulation (EU) No. 596/2014 of the European Parliament
and of the Council of April 16th 2014 on market abuse and repealing
Directive 2003/6/EC of the European Parliament and of the Council and
Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.
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