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Orlen, Lotos, PGNiG merger to facilitate Poland’s energy transformation: report

The planned merger of the state owned oil giant PKN Orlen with the company Lotos, and, in the future, with another state-run entity PGNiG, will allow for the creation of another kingpin on the European market, capable of increasing investments in new technologies and achieving goals related to the country’s energy transformation, according to a report by the Warsaw Enterprise Institute (WEI).

The authors believe that after the merger, Orlen will surpass in terms of its assets not only entities in the region, but will also gain similar potential to the companies in other parts of Europe. It will also facilitate the achievement of goals related to the country’s energy transformation. Moreover, the merger will increase Poland’s energy security.

The merger of the companies will allow it – according to WEI – to obtain capital for energy transformation; otherwise, firms would be competing for the same funds needed for this purpose. The acceleration of the pace of development of new technologies was another benefit mentioned in the analysis.

According to the report, the merger rules that Orlen has established with the European Commission are beneficial for the concern. It was argued by the authors that Orlen and Lotos will be able to invest more, enter new foreign markets, and expand its petrochemical capabilities.


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