ORLEN expands its fuel station network in Europe dynamically

Following the acquisitions in Austria, Germany, Slovakia and Hungary, ORLEN's foreign station count has surged by almost a third over the past year. The Group is currently finalising the purchase of more than 60 service stations in Hungary. As a result of its rapid expansion in the retail segment, motorists will be able to refuel their cars at as many as 3,500 ORLEN locations across seven European countries by mid-2024.

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ORLEN took over service stations in Austria

ORLEN has successfully completed the acquisition of Doppler Energie, securing a 100% stake in the company that manages 267 service stations across Austria. The transaction expands ORLEN’s network to nearly 3,500 modern service stations across seven European countries. The Group is now exploring additional acquisition opportunities in the region and is taking steps to establish itself as a leader in electromobility within the Austrian market.

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ORLEN Group to increase its gas production in Norway

PGNiG Upstream Norway of ORLEN Group has bought an additional 19.5% stake in the Eirin gas field from Equinor Energy. As a result of the transaction, the volume of gas that ORLEN Group will produce from the field will almost double, to over 1.5 billion cubic metres.

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ORLEN VC invests to enhance reliability of power supply to consumers

The ORLEN VC Fund has invested in Norway’s Heimdall Power, a global leader in providing solutions for optimised power grid operations. By directly monitoring the operating parameters of power lines, the company enables the assessment of the current line load and the detection of events such as failure, icing, fire, or high vibration levels. Data from sensors are also used to model the state of the network or plan the development of transmission infrastructure. Based on the technology developed by ORLEN VC’s new partner, the power grid capacity can be boosted by up to 40%, enhancing the security of power supply to consumers.

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ORLEN Group to supply gas to Slovakia

ORLEN, through its subsidiary PGNiG Supply & Trading, has signed a contract with a Slovak company ZSE Group for the sale of gas, the volume of which will cover approximately 30% of ZSE’s demand during the year. The contract exemplifies increasing cooperation among CEE companies to diversify supply sources and enhance gas security within the region.

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ORLEN solidifies LNG supply logistics across Central and Eastern Europe

ORLEN has entered into a five-year exclusive agreement with Lithuania’s KN Energies, previously known as Klaipedos Nafta, granting it sole access to a small-scale LNG reloading wharf station in Klaipėda, which will bolster gas supply to north-eastern Poland and the broader Baltic region. Since the initiation of an earlier contract, ORLEN has received nearly 60 thousand tonnes of liquefied natural gas via the Klaipėda terminal.

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ORLEN explores investment opportunities in Lithuania

In a meeting held today with Lithuanian Prime Minister Ingrida Šimonytė, ORLEN’s CEO Ireneusz Fąfara discussed several key points, including opportunities to invest in Lithuania’s renewable energy infrastructure, the ongoing BoB investment in ORLEN LIETUVA, its position across the Lithuanian and Baltic markets, and potential further expansion plans.

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ORLEN will appear in Austria

ORLEN is swiftly and effectively capitalizing on the benefits of the merger with Grupa LOTOS and PGNiG. The mergers have substantially bolstered the Group's development and investment capabilities. A prime example is the forthcoming acquisition of 266 fuel stations in Austria, operating under the Turmöl brand. Upon the closing of the transaction, ORLEN will rank among the top three fuel networks in Austria, holding a 10% retail market share. Thanks to this dynamic expansion, ORLEN customers will have access to a robust and modern network of more than 3,400 fuel stations across seven Central European countries. ORLEN's strengthening presence in Central Europe, enabled in part through fuel station acquisitions, has been made possible by effectively leveraging the company's enhanced capabilities following the merger with Grupa LOTOS and PGNiG. The combined synergies and benefits unleashed by ORLEN's acquisition of these two companies are projected to exceed PLN 20 billion by 2032, twice the amount originally estimated before the two mergers were finalized.

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ORLEN to develop new fields on the Norwegian Continental Shelf

ORLEN Group and its licence partners have received approval of the Plan for development and operation of Ørn and Alve Nord fields on the Norwegian Continental Shelf. The development will provide the company with approximately 0.4 bcm of natural gas per year at peak production. Alve Nord and Ørn carbon intensity will be more than 3 times lower than the global average for upstream industry. Earlier this month the Norwegian authorities has approved development and production plans for other ORLEN Group fields Fenris and Tyrving as well as for the Yggdrasil area.

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