System Gazociągów Tranzytowych EUROPOL GAZ S.A. is a part of the ORLEN Capital Group, the largest fuel-and-energy group in the Central Europe and the leader of energy transformation in the region. ORLEN S.A. became the owner of 100% shares of the Company in 2024.

EUROPOL GAZ S.A. is the owner of the Polish length of the Yamal-Europe gas pipeline; this section is approx. 684 km long and includes five compressor stations.

Since 2010, following a decision of the President of the Energy Regulatory Office, Operator Gazociągów Przesyłowych GAZ-SYSTEM S.A. (Operator SGT) performs the duties of the operator of the Polish length of the Yamal gas pipeline. Currently, the Operator SGT has been rendering transmission services along this length, in accordance with Instructions for Operation and Maintenance of the Transmission Network of the Polish Length of the Yamal-Europe Gas Transit System (IRiESP SGT) and the approved tariff.

Changes in the Shareholders
Changes in the shareholders of EUROPOL GAZ S.A. have resulted from series of decisions of the Minister of Interior and Administration and the Minister of Economic Development and Technology, made basing on provisions of the Act dated April 13, 2022 on specific solutions for counteracting to support the aggression against Ukraine and designed to protect the national security.

The first of them was the decision of the Minister of Interior and Administration on entering PAO Gazprom (one of the shareholders of the Company at that time) to the Polish sanction list and on freezing the PAO Gazprom’s financial assets including, inter alia, securities.

Next, under the Sanction Act, by a decision of the Minister of Economic Development and Technology a temporary compulsory administration on 48% of the Company’s shares owned by PAO Gazprom was established. In the next step, within the mode envisioned in the Sanctions Act, the Minister of Economic Development and Technology issued on October 10, 2023 a decision on taking over the PAO Gazprom’s shares on behalf of EUROPOL GAZ S.A.

On December 29, 2023, the Extraordinary General Meeting of EUROPOL GAZ S.A. made, among other things, a decision on acquiring by EUROPOL GAZ S.A. 4% of the Company’s shares owned by Gas – Trading S.A. and redemption jointly both the Gas-Trading S.A., and PAO Gazprom shares taken over by the Company for a compensation basing on the Decision of the Minister of Economic Development and Technology dated October 10, 2023.

In the consequence of the above-mentioned events, the Area Court for the Capital City of Warsaw, by means of its legal decision dated March 5, 2024, made an entry on reduction of the share capital in the register of the National Court Register.

Currently, ORLEN S.A. is the owner of 100% shares of EUROPOL GAZ S.A.