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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ORLEN Group to expand its network with over 200 new fast charging points

ORLEN Deutschland, an ORLEN Group company, is set to roll out more than 200 fast charging points under the ORLEN Charge brand at a minimum of 30 key locations across Germany. This project, to be executed in collaboration with May & Co. Holding and scheduled for completion by the end of 2026, is part of the Group’s broader plans to drive the growth of electromobility, with the aim of establishing 6,000 fast-charging points in Poland and approximately 2,500 in foreign markets over the next decade.

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ORLEN Group and S&P Agency Report: Closer energy ties between Poland and other states of the Baltic region could unlock cheaper and more sustainable energy

Stable supply of electricity at affordable prices, achieving full independence of the Baltic Sea region from Russian supplies, as well as clean air, thanks to joint projects for the development of new technologies, including hydrogen, are potential benefits of cooperation between the Baltic countries, according to a new report by the ORLEN Group and S&P Agency. The report assesses the progress of the energy transition in the region and identifies opportunities for collaboration to accelerate decarbonisation efforts. It outlines specific areas of cooperation and their expected outcomes, following an in-depth analysis of conditions across eight countries: Poland, Germany, Denmark, Sweden, Finland, Lithuania, Latvia, and Estonia.

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ORLEN maintains a strong credit rating from Fitch Ratings

ORLEN continues to strengthen its financial position and credibility among investors. This is validated by Fitch Ratings, which has affirmed the company’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB+'. The Outlook is Stable. The agency primarily highlights the benefits stemming from consistent diversification and expansion of operational scale, as well as the maintenance of solid and stable financial fundamentals.

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ORLEN and Equinor to collaborate on CCS technology

ORLEN, in partnership with Norway’s Equinor – one of Europe’s largest energy companies – will explore opportunities within Carbon Capture & Storage (CCS) technology. The management boards of both companies have just signed a collaboration agreement, its scope covering the transport and storage of carbon dioxide (CO₂) in Poland. The solution will reduce CO2 emissions into the atmosphere, supporting the decarbonization of industry.

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Strong profit and record-high dividend from the ORLEN Group

The ORLEN Group posted a net profit of PLN 4.6 billion in the fourth quarter of 2024, marking a fivefold increase year on year. ORLEN’s Management Board has recommended a record-breaking dividend of PLN 6 per share. Operational excellence across all business segments was key to the Group’s solid performance this past quarter.

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Major Modernisation Programme for Poland’s Energy Networks

Energa Operator, a member of the ORLEN Group, has secured above PLN 7,5 billion from the National Recovery Plan to fund the largest power grid modernisation and digitalisation initiative in the company’s history, covering northern and central Poland. The project involves upgrading and constructing a total of 21,000 kilometres of power lines, which will enhance the country’s energy security and ultimately lower energy costs for end-users. A key component of this initiative is the planned integration of 9 GW of renewable energy sources, characterised by low variable production costs, along with energy storage facilities. The programme will also enable 200,000 new prosumers to connect to the grid. The total value of the programme, extending through 2035, amounts to PLN 40 billion.

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ORLEN earns high global environmental rating

The ORLEN Group has achieved a strong rating in an independent global environmental assessment conducted by the CDP, an environmental rating organisation. The company received a ‘B’ score in the Climate category, a significant improvement from previous years when it was rated ‘D’. This leap in performance underscores ORLEN’s awareness of its influence on the planet and commitment to systematically mitigate its environmental impacts.

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