Termination of the LNG supply agreement with QatarEnergy

ORLEN S.A. (“Company”) announces that on 10 November 2026 the Company exercised its right to terminate one of the two long-term contracts for the supply of liquefied natural gas (“LNG”) (“Agreement”) concluded with Qatar Liquefied Gas Company Limited (currently QatarEnergy LNG, hereinafter referred to as QatarEnergy) due to an ongoing force majeure resulting in an inability to meet contractual delivery obligations.

The Agreement for the supply of 1 million tonnes of LNG per year was based on crude oil quotations (approximately 15.3 TWh per year). Estimated value of the Agreement for 2026 is approximately EUR 570 million (PLN 2.5 billion).

The terminated Agreement was concluded by Polskie Górnictwo Naftowe i Gazownictwo S.A. on 29 June 2009 with QatarEnergy. Deliveries under this Agreement commenced in 2016, and the Agreement was due to remain in force until 2034.

The Agreement remains in force for a further 60 days following the notice of termination.

ORLEN S.A. continues to perform the second agreement concluded with QatarEnergy under a pricing formula based on gas price quotations, covering deliveries of up to 1 million tonnes of LNG until 2034.

The decision to terminate the Agreement does not affect the security of gas supplies. Gas production from the Company’s own fields, together with its long-term gas supply agreements, ensures full coverage of ORLEN Group’s gas requirements.