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Baltic Gas Spółka z organiczoną odpowiedzialnością i wspólnicy spółka komandytowa (Baltic Gas) is planning to undertake the development of the B4 and B6 natural gas fields in the Polish sector of the Exclusive Economic Zone (EEZ) of the Southern Baltic Sea. Baltic Gas is a joint venture comprising LOTOS Upstream Sp. z o.o. (previously: LOTOS Petrobaltic S. A.), and CalEnergy Resources Poland Sp. z o.o. The appointment of Baltic Gas to undertake the Baltic Gas Project (BGP) development was initiated in Gdańsk on October 30, 2012, and was subsequently ratified on April 9, 2013. The results of Baltic Gas’s formation and appointment include authorization to:

Develop the B4 Natural Gas Deposit, Category C

as approved and provided for in the Geological Investment Documentation by force of the decision by the Minister of the Environment of October 18, 2019 (Ref. no.: DGK-IV.4741.157.2018.BG), and in accordance with concession 6/2007 issued by the Minister of Environment on May 11, 2007, amended under Decision of August 14, 2008 (Ref. no.: DGiKGe-4770-51/5164/08/MO) and assigned to Baltic Gas via Decision of March 13, 2013 (ref. No.: DGKw-4771-27/10135/13/AS), and then corrected by the Decision of April 8, 2013 (Ref. no.: DGKw-4771-27/13596/12/AS) and subsequently amended on November 28, 2014 (Ref. no. DGK-IV-4771-25/48256/14/AC), on July 25, 2017 (Ref. no. DGK-IV.4771.3.2017.BG), on July 18, 2018 (Ref. no. DGK-IV.4771.41.2018.BG), and on June 30, 2020 (Ref. no. DGK-IV.4771.74.2019.BG);

Develop the B6 Natural Gas Deposit, Category C 

as approved and provided for in the Geological Investment Documentation by force of the decision by the Minister of the Environment of November 12, 2019 (Ref. no: DGK-IV-4741.158.2018.BG, amended by the Addendum No. 1 to the B6 Geological-Investment Documentation approved by the decision of the Minister of Climate and Environment of January 10, 2023 (Ref. no: DGK-WD-II.735.25.2022.JT.9) and in accordance with concession 2/2006 issued by the Minister of Environment on November 7, 2006, amended under Decision of August 29, 2008 (Ref. no.: DGiKGe-4770-52/5363/08/MO) and assigned to Baltic Gas via Decision of March 13, 2013 (Ref. no.: DGKw-4771-28/10133/13/AS) and then corrected by the Decision of April 8, 2013 (Ref. no.: DGKw-4771-28/13600/12/AS) and subsequently amended on December 05, 2014 (Ref. no. DGK-IV-4771-30/49227/14/AC), on July 25, 2017 (Ref. no. DGK-IV.4771.4.2017.BG), on July 18, 2018 (Ref. no. DGK-IV.4771.42.2018.BG), on June 30, 2020 (Ref. no. DGK-IV.4771.77.2019.BG), and on April 5, 2023 (Ref. no.: DGK-WK-I.761.55.2022.12.BG).