Trade and Storage
Operator Systemu Magazynowania
Operator Systemu Magazynowania Sp. z o.o. (OSM) was established on November 16th 2010 to ensure compliance with the requirements of Directive 2009/73/EC with respect to the legal separation of gas fuel storage functions from other types of business conducted by vertically integrated gas utilities. In May 2012, at the request of PGNiG, the President of the Energy Regulatory Office appointed OSM as Storage System Operator for gas fuels. The company was also granted a licence authorising it to store gas fuels in storage facilities, valid from June 1st 2012 through May 31st 2022.
In order to ensure equal treatment of customers, the storage services are provided based on the Rules of Provision of Storage Services and the Gas Fuel Storage Tariff.
In July 2013, OSM merged with INVESTIGAS. The reasoning behind the storage business reorganisation is to consolidate the Group’s storage assets and technical and management capabilities within OSM Sp. z o.o., which will improve the operational efficiency of the Trade and Storage segment.
| Operator Systemu Magazynowania | 2013 | Unit of measure |
|---|---|---|
| Revenue | 754 | PLN m |
| Net profit (loss) | 16 | PLN m |
| Equity | 75 | PLN m |
| Total assets | 133 | PLN m |
| Workforce as at December 31 | 116 | persons |
PGNiG Sales & Trading Group
The PGNiG Sales & Trading Group comprises PGNiG Sales & Trading GmbH and its subsidiary XOOL GmbH. PGNiG Sales & Trading was established to trade on the international gas and electricity markets.
PGNiG Sales & Trading GmbH sold natural gas to end users, mainly on the German market. Its customers in Germany included households, small and medium-sized companies, institutional buyers, industrial buyers and gas trading companies. In Poland, the company sold gas to industrial buyers on DAF (delivery at frontier) terms.
PGNiG Sales & Trading GmbH also engaged in electricity trading in Germany on the EPEX Spot, EEX Power Derivatives and OTC markets. It also sold electricity to end users on the German market, including mainly small and medium-sized companies, as well as households.
| PGNiG Sales & Trading Group | 2013 | Unit of measure |
|---|---|---|
| Revenue | 3693 | PLN m |
| Net profit (loss) | -3 | PLN m |
| Equity | 36 | PLN m |
| Total assets | 524 | PLN m |
| Workforce as at December 31 | 50 | persons |