PGNiG challenged to double output

Parliament push: Polish Treasury chief tells committee PGNiG should be able to double output in seven years

The Polish treasury has challenged state player PGNiG to double its production to more than 8 billion cubic metres (bcm) a year by 2019, when the country’s gas imports are up for renegotiation with Gazprom.

"Going far above 8 bcm is a strategic goal by 2019," Treasury Minister Mikolaj Budzanowski told a parliamentary committee in Warsaw, Reuters reported. "It is possible, if PGNiG exploits all exploration licences it has."

PGNiG, which has 226 exploration and extraction licences in Poland and currently produces more than 4 bcm of natural gas annually, has struggled in recent years to increase output.

"We have identified the reasons why output has not grown," PGNiG chief executive Grazyna Piotrowska-Oliwa, also present at the committee, said, but did not elaborate.

The Warsaw-listed group is at the forefront of Poland's shale gas drive, which…

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