Poland's PGNiG says capex to exceed $8.4 bln for 2017–2022 [Reuters]
TC Energy Corporation (TRP)
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Source: Reuters
* Strategy focused on boosting value, financial stability * Cumulative 2017-2022 core earnings seen at 33.7 bln zlotys * Warns planned dividend payments may be postponed WARSAW, March 13 Poland's biggest gas firm PGNiG said on Monday its capital spending would exceed 34billion zlotys ($8.4 billion) over 2017 to 2022, with almosthalf to be spent on exploration and production. The state-run firm wants to increase its current documentedhydrocarbon reserves by about 35 percent and boost hydrocarbonproduction by about 41 percent, it said in a statement. Poland consumes some 16 billion cubic metres of gas a yearbut most of it comes from Russia as PGNiG has a long-term gassupply contract with Gazprom - the so-called Yamalcontract - that runs until 2022. PGNiG is now struggling to secure alternative supplies afterthat date. Poland's first liquefied gas (LNG) terminal, on itsBaltic coast, received its first commercial shipments in Julyand the country is also plann
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- 4/16/24 - Form 6-K
- 4/9/24 - Form 6-K
- TRP's page on the SEC website