PKN ORLEN Supervisory Board completed composition of the management board
During its meeting today, the Supervisory Board of Polski Koncern Naftowy ORLEN Spolka Akcyjna appointed Jacek Strzelecki Vice President, Chief Financial Officer
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During its meeting today, the Supervisory Board of Polski Koncern Naftowy ORLEN Spolka Akcyjna appointed Jacek Strzelecki Vice President, Chief Financial Officer
ORLEN and Naftogaz have signed two memoranda laying out a framework for their further collaboration in areas critical to Ukraine’s energy security and long-term energy transition. Under the MoUs, the parties will cooperate in LNG trading, use of regasification and transmission infrastructure across the Baltic Sea and CEE regions, as well as the exchange of expertise in sustainability, decarbonisation, sustainable transition financing and ESG governance.
ORLEN Upstream Norway, together with its license partners, has taken a final investment decision on the development of the Cerisa discovery. The project is expected to deliver 8.5 million barrels of oil equivalent net to ORLEN, including approximately 0.8 billion cubic meters of natural gas. Start-up of production is planned for 2027.
ORLEN has reserved regasification capacity at the FSRU 2 terminal to be launched in the Gulf of Gdańsk. This decision will enhance the flexibility of LNG supplies and strengthen the energy security of Poland and the wider region, while supporting the development of the Baltic Eagle Gas Hub concept. With FSRU 1, FSRU 2 and capacity reserved at the Klaipėda LNG terminal, accessed via the Santaka interconnector, the ORLEN Group will be able to import more than 16 bcm of natural gas annually (after regasification).