ORLEN and Naftogaz strengthen partnership on gas supplies to Ukraine

ORLEN and Ukraine’s Naftogaz have signed an agreement for the supply of a further 100 mcm of natural gas. This marks the third contract under the Companies’ long-term collaboration framework, bringing the total contracted volume of US-sourced gas supplied to Ukraine to 300 mcm.

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ORLEN delivers record operational performance in 2024

In 2024, the ORLEN Group delivered record operational performance, marked by the highest levels of electricity generation from gas and renewable sources in its history, alongside its strongest natural gas production to date. The volume of low- and zero-emission energy generated during the year would have been sufficient to meet the annual demand of nearly half of all Polish households. This performance was supported by a more than 66% year-on-year increase in installed capacity across photovoltaic and wind assets, as well as the commencement of production from newly developed gas fields on the Norwegian Continental Shelf. The Energy and Gas segments together accounted for nearly 80% of the Group’s EBITDA, which totalled PLN 35.5 billion before impairment charges. The Management Board has recommended a record dividend of PLN 6 per share for the 2024 financial year.

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ORLEN explores market for renewable ammonia

ORLEN is launching a market study and dialogue with potential suppliers of low-carbon and renewable ammonia which will be used to produce fertilizers while reducing emissions at the Anwil plant in Włocławek. The company is also exploring the potential of utilising renewable ammonia as a source of hydrogen for the production of synthetic aviation fuels.

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14th Edition of ORLEN Skylight Accelerator Launched

ORLEN has announced a new call for applications for the ORLEN Skylight Accelerator. Startups and young technology companies from around the world can submit their solutions and test them under real-world conditions within the ORLEN Group’s infrastructure. The programme is also open to companies at early stages of technological development (Proof of Concept, Minimum Viable Product). In previous editions, nearly 40 pilot projects were completed, involving almost 900 startups from Poland and abroad. Applications for the 14th edition are being accepted until 28 April.

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New LNG carriers join ORLEN’s fleet

Each of ORLEN’s newly commissioned LNG tankers can deliver enough gas to power up to two million Polish households. A naming ceremony for the two new liquefied natural gas (LNG) carriers, purpose-built for the ORLEN Group, was held at the Hyundai Samho Heavy Industries shipyard in Mokpo, South Korea. The vessels were christened Józef Piłsudski and Ignacy Jan Paderewski by their godmothers, Anita Włodarczyk and Natalia Partyka.

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ORLEN secures record-breaking EIB financing to drive energy transition

ORLEN has signed a third financing agreement with the European Investment Bank (EIB) to support the expansion of its electricity distribution network. The new PLN 1.7 billion agreement brings the total funding secured from the EIB to PLN 3.5 billion, making it the largest financial support package the Bank has granted in Poland. The funds will be invested by Energa Operator, an ORLEN Group company, to enhance the security and efficiency of electricity supplies and increase the potential for integrating renewable energy sources.

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ORLEN to supply US LNG to Ukraine

ORLEN and Naftogaz of Ukraine have signed a natural gas supply contract, securing deliveries for Ukrainian consumers already in April. This is the second contract executed under the cooperation agreement established between the two companies earlier this year. The gas will be sourced from the United States.

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ORLEN to supply gas to Ukraine

ORLEN and Naftogaz have signed a memorandum of cooperation in LNG sector. Its implementation will allow Ukraine to create a more diversified supply of this strategic commodity. The first outcome of the agreement is a transaction to sell gas derived from the regasification of an LNG cargo by ORLEN.

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ORLEN Group reports record-high natural gas production from own reserves in 2024

In 2024, the ORLEN Group’s natural gas production across its operations in Poland and abroad reached 8.6 billion cubic meters, marking a 20% growth year on year. The Group’s revised strategy targets an increase in gas production volumes to 12 billion cubic meters by 2030, with plans to sustain this level through 2035.

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