Good morning. I'm very happy to have you here in the seat of the PGNiG company on the press conference, during which we're going to present to you the financial results of the group for the first trimester of 2022. As the financial results, we have Mr. Wacławski responsible for financial aspects. We have also Mr. Robert Perkowski, President of Operational Matters, who in the second part of this session will talk us through the energy security in the company. I would like to give the floor to [inaudible]. Thank you very much. Welcome to you all. We are here, in fact, to talk about the financial results for the first trimester of 2022. This trimester, this quarter had a number of aspects. I'm sure you know what happened during the last few months. We had very high prices of hydrocarbons. In the third and fourth quarter of last year, the prices were at maximum levels, and they were changing quite a lot. We all know that in January we had a new law, the gas law, the special law on gas that was regulating some of the aspects of the security and the turnover of the gas market. It has to be said also that within the last few months, including the end of 2021, had a deep impact on the first quarter, results for 2022. As you see, these results are mainly driven by a high increase. We have two factors that are influencing this result, because we can see that gas fuel demand is lowering due to very high prices and the fact that the temperature in the first quarter of last year was among the coldest. Today, we are in the vicinity of the medium temperature, so the need for gas fuels is much higher. Now, moving to the analysis of the share of the segments in EBITDA, it's not a surprise, I think, that the biggest share for the first quarter of 2022 is exploration and production. We're going to enter into the details of that segment. A very important influence is also due to the volumes. We have increased very strongly in the Norwegian Continental Shelf. We have made a great transaction with INEOS. We have doubled the number of our concessions or licenses. Again, we're going to speak more in detail while we're going to move to the upstream part of this presentation. Anyway, this segment has the highest influence on the EBITDA. We have -2% in trade and storage. Trading and storage, sorry. It is important for us to understand this, why these two segments need to be considered jointly or perceived jointly, and why they are mutually complementary. While the prices of hydrocarbons is decreasing, we had very important losses. Obviously, exploration and production was quite high. Now we have a situation which is exactly the opposite, so we get the raw materials at very high prices. For other segments which are regulated, distribution and production, influence on EBITDA is much lower. It's 10% for distribution and 5% in manufacturing. We have a very similar result as for EBITDA. We have such good results for the distribution segments. In terms of value, these results are not lower. Sorry, we got lost sight of the presentation. We have four segments for which we require distribution. Record results from two regions. With incidence on volume, very important increase of going in the continental shelf. That refers to all the companies of the group that take part in the upstream that play an important role in the upstream segment. From the economic point of view, the price of crude oil has increased by 80%. First quarter of 2021 compared to first quarter of 2022. Medium level is PLN 412 per barrel. The increase of gas prices is absolutely tremendous. On the raw material trade, it's about 5x increase. PLN 472 per MWh speaks for itself. We do recall times where the average price from the times we remember was around 15- 20 MWh. First quarter, PLN 470 per MWh. It's a tremendous increase of prices, times five approximately. The profits in exploration and production are very, very good. The Norwegian Continental Shelf, our companies are maximizing their exploration and production. I think our CEO will talk you through that matter as well. We are trying to extract, if you like, as much as we can in this very favorable period. What is also worth mentioning is that volumes of sales is so important. We have relatively stable volumes, and we do put our efforts into maintaining such levels. As it has already been mentioned, we are developing quite fast on the Norwegian Continental Shelf in extraction of crude oil. We have over 1% increase of gas volume, and that is related directly with or to our development in this geographical area. As I mentioned earlier, our licenses, the number of our licenses has grown, so we did not have them in our 2021 calculation or results. For PLN 9.5 billion of EBITDA generated by the [Capital Group], PLN 8.5 billion is generated by upstream, PLN 7.8 billion. This is a great value for this segment, great figures. Since we're moving into trading and storage, the gas price is transferred per market price, not production price. This is very important to understand it in the trading and storage segment. Here, the situation is relatively different because the average trade prices, because we just showed you 5x increase in terms of gas. We have 250% growth, PLN 283 per MWh. Because as we know, these are not only spot transactions, we have also other types of transactions. We do not provide such information, obviously. But we definitely want to show the mechanisms are ruling the market. Part of the transactions are set on the trade, on the stock, parts are set between the partners. We are not able to have a direct dependency, if you like, between those values and the value, the market value on the market. We have a total volume sales price of gas, and in the first quarter of this year, we have been selling off our reserves to the state agency for reserves. Had we had not this obligation, the price of sales would be lower by 6%, and that results from two facts. First of all, we had a much warmer winter, so demand for gas was lower on one hand, and on the other hand, prices were lower. We do see that our end customers have a, can I say, right perception on that particular factor. As much as import on a more or less regular level, LNG importation in the first quarter was not as dramatically perceived as it is at that very moment, because war in Ukraine has started by the end of February. This is not reflected in the outcome or the results of our operations for the first quarters. We have 10 boats that got to our LNG terminal. There were seven last year. This tendency, this trend, is going to be much more present, much more visible in the months and quarters to come. Now let's have a focus on the different sales channels. One could say that the society, in the context of this different, difficult situation on the gas market, have a very down-to-earth attitude. The same refers to the stock trading, in other words, to the prices. Wholesale is a growth of 23%. On that slot, we have located the sales of our reserves to the agency of state reserves. Two on-the-spot facts. One is the sale to RARS in mid-March, and we had a communication about that. It was a sale in line with the law in force. That was the first thing to say, that the calculation is set by the law. It is set in that law regulations that we are bound to adopt the sale prices according to the market prices for the last seven days. On the other hand, there was a question of the tariff for the end user. As you know, since January 1st, we have a new tariff. Nearly 84% growth compared to the previous tariff from October last year. That was not reflecting the changes on the European spot trade prices. In return of a sale, of selling the gas to the end user, the industrial and the protected user, below the acquisition prices, has a compensation of over PLN 2 billion, as I said, in the form of compensation. Moving now to the results of the segment. Figures of the sales, very high, PLN 44 billion, which is in direct connection with the volume, but primarily with the geopolitical situation, EBITDA -PLN 200 million, oscillating about zero, PLN 263 million. For the last two segments, this is something we call our stabilizers. I'd like to draw your attention on the fact that weather, or more precisely, temperature, has played a very important role. A much bigger growth of temperatures compared to the first quarter of 2021. I would also like to tell you that this temperature was not out of the ordinary. It has to be said that in 2021, the start, the beginning of the first quarter of 2021 was extraordinary. We have results for the beginning of the first quarter of 2022, lower by 7%. We had an increase by 4%, the outcome of it is such that the segment has generated an EBITDA on level of PLN 1 billion compared. Which is roughly the same amount as for the same period last year. It always provides us for a foreseeable and safe financial result with PLN 680 million volume of operational costs. The final thing, production generation. We have a revenue from sales 26%. Revenue from the sales of electricity own generated. We have a great increase of volumes and therefore figures of sales. That was a growth from 1.22 terawatt-hours. It has to be said clearly that on the spot prices of energy have grown much. Yet it is still inadequate, not proportional to the increase of prices of gas. The growth the volume-related growth is also due to the giveaway of Żerań. Income from sales, PLN 2.2 billion. It is not a surprise at all. EBITDA remains stable, nearly identical as for the last quarter of last year. The EBITDA is below zero in amortization. As we know, the EBIT CO2-related costs have grown much, and therefore the operational result of this segment is below zero. To sum it up, financial results of very good quality, mainly due to the exploration and production. Once again, the Norwegian Continental Shelf exploration and production is the main reason for this fact, not only under the form of energy security. In other words, that Baltic Pipe is going to be filled with our own gas of our own, if you like, sources or provenience, but also economically speaking. Okay, now I would like to give the floor to our CEO. Yes, these numbers do reflect our actual activities, but I'm sure that not just you, but many of our customers have been following PGNiG, our company, not just for the financial results, but also in light of recent events related to the war in Ukraine and the chaos around gas prices relating to energy security. This is part of our statute at PGNiG. It's also part of our basic activities. One of our aims is to ensure a stable gas and fuel supply to our clients. Hence, we have for this quarter prepared a presentation in different form. Since we're talking about security and supplies, it's harder to imagine a more secure formula than to extract and distribute gas ourselves. Today, we decided to focus exclusively on Norway because in terms of domestic production, which is something we really like because it involves our Polish workers and our Polish companies. We don't need interconnectors to bring it here. The domestic market is very stable, domestic production. The events of recent months and these large fluctuating numbers, these were to a large extent due in terms of production to our own production operations in the Norwegian Continental Shelf, and there is much to boast of. A year ago, we made a decision which was extremely fortunate. It was a very good decision, as Przemysław mentioned, to purchase INEOS. This purchase is today a story that has produced tangible results. We have been expanding our operations to expand into new deposits and intensify our presence on the Norwegian Continental Shelf. In the recent period, we've obtained four new licenses in that region. Moving on to the second bullet point, a rise in the production by 250% quarter-on-quarter. The first thing that underlies this is that today we're comparing production under the operating licenses in the Norwegian Continental Shelf, upstream and INEOS. If we look to the right, the diagram on the right, we don't see a proportional growth. Gas increased much faster quarter-to-quarter, but also looking at the prognosis for oil for 2022, this is not a coincidence. In Polish gas and oil production, the deposits we purchased were mostly gas deposits, and hence the growth is evident in this area. For the predictions for 2022, this is a very fresh number. It changed just a week ago. Recently, it was still 2.6 billion cubic meters per year. Number three, increased production of natural gas in Skarv, Gina Krog and Duva are one of the elements impacting this, as well as the 2.6 billion, which has now risen to over 3 billion cubic meters per year. In the current situation, all of us are on board, not just in our company, but all the gas market participants have flung themselves into action, producing gas, importing gas. Everyone is working at full steam, not just the infrastructure, but also the transmission or evacuation infrastructure to bring the gas to our market. Everyone is working very hard, and that it has allowed us to maximize our production, of which we are very happy about in the current circumstances. Poland is a stable market of 4 billion cubic meters of gas year-on-year. With regard to oil, here again, most of the time oil is co-produced along with natural gas. Hence, these numbers will always increase together, maybe not in the same proportion. A 36% year-on-year production or quarter-to-quarter, a 36% increase in terms of oil production. We're also very much interested in extracting more oil. LNG deliveries have intensified. This has been quite a hit, and the president had the opportunity to welcome the new gas carrier in Świnoujście. I only watched it on TV. I regret not have been there, but it embodies the fact that we have become a leader, or at least one of the main leaders in terms of LNG deliveries to Europe and within Europe. The number of deliveries has grown by 38%, and this number relates to today, as per May 2021. We also had the opportunity because as of May 1st, we activated an interconnector, the gas connector between Poland and Lithuania. Over 2 billion cubic meters of gas is its capacity, and PGNiG has also made sure to improve its capacity on the FSRU terminal in Klaipėda, where we will be able to receive more gas carriers. The first delivery took place on May 7th, and the gas is arriving. The May 7th delivery in Klaipėda, which is also where we have the small-scale LNG terminal, where LNG arrives prior to regasification. It is distributed from Klaipėda, including to northern Poland, which is closer than Świnoujście. The FSRU Independence was used for the first time. Interestingly, this notion of security translates into solidarity because all interconnectors work in two directions, including this one. Having an oversupply of gas, extra gas, some of it was sold directly to Lithuania, securing their energy supply, and some was also sold to Estonia. I'm running out of time, so I have to speed up. The first chartered gas delivery to the LNG link took place last weekend under the first new contract. Speaking of LNG and opportunities to import LNG, we are very active in this field. We are interested in developing or using the capacity of a new unit, FSRU unit. A ship, a vessel which receives the gas in liquid form, then it regasifies it and introduces it into the network. We have ordered such services within the open season process operated by our twin company Gaz-System. I think there will be more details in the coming weeks regarding this investment. Just to remind you, if we're talking about our entire portfolio, recently we communicated 12 billion cubic meters per year. I'm talking about the LNG portfolio at 12 billion after regasification. That was just a moment ago, but the numbers keep changing, and our president recently signed a preliminary contract under new terms. That was the final bullet point. Another long-term contract with Sempra. 4 billion cubic meters of gas after regasification, so 3 billion, 3 million tons. I have trouble recalculating these figures. Please consult our press releases for more details on this. Returning to the first bullet point, intensifying number of LNG deliveries. Until recently, it was very hard to imagine that PGNiG would be able to bring seven methane carriers to Poland. Six were planned to go to Świnoujście, and the seventh is a methane carrier which has already been unloaded in Klaipėda, and this gas is flowing into the Polish system through the interconnector. We're setting new records, and it's clearly visible, and you will see it on the next slides as well. On the right side of the presentation, you see a year-on-year comparison for the current period. A year ago, there were 13 deliveries to Świnoujście. This year, 17. We are gaining momentum, and May is the best proof of that. Speaking of which, since we're talking about security and reserves, it's worth reminding you of figures that you are doubtless quite familiar with. They embody the growth not just for PGNiG, but also for Poland within the framework of the current policy to collect gas reserves. Looking at January 2021, it just so happens that we had the same figure for the level of gas in storage. On the left side is Poland. On the right is the EU in blue. A year later, on January 1st, 2022, we had 85% after the huge price increases of the autumn of 2021, when Europe, frightened of these rising prices and manipulated by Gazprom, was not able to fill its gas reserves, its gas storage facilities. The figure is for February 24th, 2022. The war starts in Ukraine. A state of emergency. Last year it looked somewhat different, so that figure is below. Last year, Poland was better stocked and better prepared for the war because we see that it had at least 10% more gas in storage than across the EU. This was another red alert for us because after this shock of the war and the escalation in different fields, disruptions in terms of energy supply, we started restocking. Today we can say that, whereas the EU has not stocked up to a large extent, in Poland we have our storage filled at 90% capacity. The fact is that we never load up to 100%. We need a couple of percentage points as a buffer to stabilize, because we cannot foresee what gas consumption will be like in the coming days and weeks, and how much gas there will be in the system. We are here. We've reached the threshold in terms of filling up our storage facilities. Our other partners, well, we're cheering for them, for our partners in the EU, so that they can go follow our footsteps. Thank you. Thank you very much, gentlemen, for this presentation. Very interesting, very full of the operational activity. However, I do an assumption that there will be questions from the floor. The floor is yours, please. Mr. Jakubik. Wojciech Jakubik from BiznesAlert. I would like to ask two questions about these record revenues due to the high prices of raw materials. The International Energy Agency has the idea to react to interim profits and to collect funds for to fight against the energy crisis. One would say that up to EUR 200 million could be collected. What is your attitude on that or position on that? Secondly, construction of the Baltic Pipe. It is a great discussion, also political. What is the real data that you can uncover for as much as the Baltic Pipe figures are concerned? Look, let me speak about Baltic Pipe and you speak about the financials. Yes. Okay. First of all, Speaking of Baltic Pipe, many of the figures, because all the figures have already been communicated, we have mentioned a few just a moment ago. We have our own production, we have the 3 billion cubic meters of gas on a yearly basis, and most probably it's not our last word. It's been already communicated earlier that in 2027 we're going to achieve 4 billion cubic meters. Looking at the licenses and the concessions that we currently have, and those that we are working on, it's. We're not just, you know, standing by and waiting for it to grow. We are very active and there's going to be development, and we're going to achieve at least 4 billion cubic meters. We also mentioned today about the contract with Austria and LOTOS. We, if we sum it up, we're going to achieve 4.5 billion cubic meters. But there's going to be a question following that claim, why don't we explore all the capacity? Well, that's how I sense the question arriving. Because if we were to have such a positive response to each of our interconnections or interconnectors in view of a maximization of the imports of the gas, we could claim we, our aim is to double the figures. It's like trading and if you're not using one. It's like storage. We can't, you know, think only of storage if we don't think about other things. It needs to be a balance, a situation of balance. Speaking of the first question you asked, I would split it into two aspects. First of all, the situation in Europe is difficult. We have a crisis, we have a war, and the crisis related from that. In fact, the crisis does not only relate to the war itself, it is present since last year. I do think that any initiative on the European level is very welcome. As a rule, we are happy if the EU is looking at the market of gas and with an eye of solidarity, with a thinking that has solidarity in first level. As long as we don't have that, as long as we do not sense that, we have our own priorities, we have our own policies for the security of Poland. We are not a member of the organization. Poland as a state is a member of the organization. I think that it's a question that is more adapted to the government than to us alone. Mr. Wojciech Szulzkowski. Good morning. First question is more of a question relating to the accounting. Is the 3 billion of own extraction included with what LOTOS? It's our own production volumes, not including LOTOS. We have informed in different statements that this is that was our own figures. I think you can't deny whether this is going to be even higher figure than 26%. Second question. How many slots in Klaipėda PGNiG have made reservation of? Did you consider a scenario in which sales of gas would be forwarded to Finland, and because they're going to miss gas, right? Well, we are in the process. At all times, we're in the process. There's a number of dates or time lapses which need to be covered. I don't have that in mind, so I can't answer you directly. Looking at the Baltic countries and Finland, we do have a view on what's the role of Klaipėda could be and/or interconnectors. That refers to also, or that will refer to our asset section with Estonia. These single on-the-spot transactions are not very important. They are not a great part or great share of our turnover. We just want to show that we are on the run, in the sense that we will provide assistance or help wherever we can. Robert Olesiński, [inaudible] in the context of the figures, including the figures for 2021 and for the first quarter of 2022, as you underline, are perfect. My question, dividend, because you have taken the decision to recommend not to pay the dividend for 2021, and at the same time, in the strategy, you have put down that you will pay dividend in the level of 50% of net profit. Up to 50%. All right, up to 50%. At the same time, ORLEN, that you are probably going to merge, has decided to pay the dividend. They are in the similar situation as much as trading is concerned. Is your decision resulting from an attitude that I would call just in case, or do you have information that make you think, "Well, there might be some perturbation," and you would need to keep the profits? Let me answer to that. First of all, I would like to make no reference whatsoever to ORLEN's policy in reference to dividends. They are an independent company, full stop. In our management, in the discussion of our management, we do observe that we have very good results, very good figures for the last periods, but the situation on the gas market in Europe is far from being easy. It's not easy, not from yesterday, but from autumn last year. We have already communicated that, the messages or the statements that went to the stock exchange were also reflecting that we got financing from the banks, not just as a just in case, as you said, tool. It is because we need funds for the turnover. I would also like to draw your attention to the fact that the law that has entered into force in January this year has added some areas in the guarantees provided by the state treasury. That's not because, you know, as you said, just in case. It's in case the prices of energy will jump or will rally to 300 MWh, and we will need to pay for the energy, for the import of energy to Poland. As we all know, we have a war in the east, in Ukraine, and gas from the east has stopped flowing since the 27th of April. We can't predict, we can't foresee what the supply of energy on the European market, treated as a whole, is going to be. Everyone's going to import LNG to Europe, but they don't have the infrastructure. Neither the Americans are going to send big volumes of LNG to Europe because the LNG terminals are just under construction. The carriers, the tankers are not flexible. They're just the number they are. We can't foresee what Gazprom is going to adopt as policy, and therefore we can't tell what the situation on the European market is going to be. We're not going to recommend this dividend because we want to have this, let me call it security buffer, in order to make it possible for us to react on rallies of prices in on the European market. Our meeting is taking place in mid-2022. They're going to take the decision. For the time being, the decision is to limit the dividends. Mr. Martewicz from Bloomberg News. I have a few questions, three questions, three areas I want to discuss. First, I would like to come back to Baltic Pipe. Could you please make it clear what is, in your view, the optimum figures to be secured so that you are on the safe side for whenever you need to make an on-the-spot purchase? 3 billion of oil production, not 4 billion, that's going to be in the future, but 3 billion. Is there a goal that you are focusing on the long term, 5 billion, 6 billion? First, that is the first question concerning the Baltic Pipe. Secondly, still concerning Baltic Pipe, are you negotiating contracts like with Ørsted or not? Yes or no? Thirdly, could you say what will be the volume transmitted in billion of cubic meters in the fourth quarter? Also, I would like to ask about the second quarter. Are you able to substitute one-to-one the gas that is no longer flowing from Gazprom? Where does it come from, reverse and from other sources and or other connections? Again, I have another question. The FSRU, which is located in Gdańsk. That's why you put down the nomination. Did you book the whole of the terminal? Because initially, the Czech Republic was interested in purchasing a part of the volume. Are you going to be and play a part in that, or are they going to do the purchase directly? Very many questions and very specific. I'm not sure if I can answer them all in an unequivocal manner. I'll start with the last one on FSRU. As always, we're interested in the possibility that would allow us to unload our whole LNG portfolio in the country. This process is ongoing and I'm neither authorized nor is it possible for me to tell you our final decision at this point, because this decision might not have been taken yet. In terms of the optimum stock levels, I can tell you what the ideas were back in 2017. The only sure thing today is that nothing is certain. You were asking about our forecasts regarding the market. I can say in a semi-sarcastic way, who would have foreseen in the autumn of last year that the rise in prices would be so huge that some European countries will have their contracts terminated? Today, all we know is that the situation is highly dynamic and we have to adjust our policy in real time, adapting to the current situation or even being a step ahead. We're taking such measures. Today, I see neither the possibility nor the need for Baltic Pipe to be used up to its full capacity reserved by PGNiG. As I said before, to another journalist in responding, this portfolio has been secured. Should new circumstances arise, other countries are also looking for gas on the Norwegian shelf and in other parts of the world. We have an LNG terminal. That's an advantage, not all countries have them. We will be adapting, adjusting our policy and our contracts as our needs grow. One more thing, our contracts and this reservation that we made in 2017, if I recall correctly, or 2018. We did that because of growing demand for gas in Poland and in Europe. Today, because of the high prices, we have a drop in consumption, and this is yet another circumstance that needs to be taken into account. If I may, I think we can answer you in writing after consulting our commercial department. I'm sure we can give you a more exhaustive answer in a while. Paid. Number two, what sort of compensation is due to the company? Does the company deserve? How will this arbitration go? Is there an answer? The other point is storage facilities. They are full up to 90% of their capacity, and you said that we have filled them, essentially, as full as they can get, leaving a buffer. If you could confirm that we're done. No, we're not done. It's a bit of a technical issue, and it's debatable how much free space or how much room should be left in the facilities, how much room should be left empty. Experts speak of 2%, a 2% buffer in order to secure good operations, including of the transmission network. This threshold is not fixed. It's not precise. Not like in ski jump. In terms of the arbitration case, we cannot comment on the amounts. These are not small amounts, of course. If they were, we wouldn't be having this process. I have no precise knowledge, but there is no decision yet. We are still in arbitration with them. [inaudible]. I also have a few question. The first relates to the situation in which Germany won't pay Russia according to the agreed rates and Russia might cut off its supply. The reverse analysis was done before assuming that Russia would cut off the supply on April first, and then gas storage facilities across the EU would be full up to between 5%-30%. Has Germany devised such an emergency plan or anyone else? My second question is, what happened to the money that PGNiG attempted to transfer to Gazprom, and Gazprom kept returning those funds. Where is this money? Is it stuck in SWIFT? Another question regarding the gas law and the public aid provided for under that law. Let me start in reverse. It's always easiest to remember the final question. With regard to the assistance instruments under the gas law, they have nothing to do with these record figures. They have a lot to do with needs. That will depend on the needs of the European market. If we don't have to take advantage, make use of those instruments to ensure liquidity, we won't. Because we're able to get commercial funding for our normal business operations, our core operations. The assistance defined under the law, that's for extraordinary situations. We are facing a crisis, but we entered this crisis quite well prepared, so we don't have to use those instruments. With regard to the money that Gazprom kept sending back to us, we cannot comment on these mechanisms in detail, but the money is definitely not lost. We know where the money is. Is it with you? We cannot confirm that, but it's not lost. What was the first question? The emergency plan, should Russia cut off its gas supply to Germany. I think that there's not a company out there that hasn't made such contingency plans. PGNiG has also analyzed various scenarios. We have plans, security plans for all of these scenarios, to secure our customers. I think Poland is one of the best prepared countries in Europe in terms of gas supply. We are also part of the EU, the common market. If a country does not reach an adequate level of gas supply like Poland via the LNG terminal, or via Klaipėda, which is capable of unloading a lot more gas than Lithuania needs. As long as we're able to do this, we will be able to. We will suffer if other markets are not prepared, but not because of gas deliveries or supply. But as a result of price fluctuations. Speaking of our end users, our individual users, from starting in January, on January 1st, private customers' homes are protected under the law with a fixed tariff. All sensitive users are also protected, where the difference between the actual cost and what they pay is guaranteed in the law. Using gas or other fuels is regulated across Europe. Demand is dropping. This year in Slovakia, we are activating a very big facility connectors. We have Czechia, we have Mallnow, which is probably what you're thinking of, the interconnector to Slovakia. We are launching Baltic Pipe. We are expanding the Świnoujście terminal, and we have our own production facilities, our own production operations. Looking at all of these contracts, we are more than ready to ensure a proper gas supply. We're definitely on the safe side. The analyses that you made, 5%-30% in terms of stock, that's a very low level. Are your analyses different? I'm not familiar with the analyses you're talking about. I can't comment on that research. One thing we should understand is that we have been implementing our contingency or emergency plan since February 25th. The day after the Ukraine war started, we've started filling up our facilities. Normally, we fill them up from spring until early autumn, and then of course, they empty out in the winter to balance the system. We started purchasing LNG quite intensive purchases as soon as the war started, not when gas stopped flowing into Poland after Putin's decree. From February 25th, we added additional slots to the Świnoujście terminal. We have an additional delivery to Lithuania. Gaz-System is allowing a greater number of deliveries to Świnoujście this year than planned. The emergency plan is being implemented indeed. In terms of gas, we do have gas in Europe for the moment, but if this gas disappears, then as Mr. Perkowski said, then it is likely that the price of gas will go up in Europe, which will lead to decreased demand on the part of business. I don't think the market will balance itself out immediately, but we need to keep this in mind. We're trying to enter this potentially difficult situation as well prepared as we can be. We will soon have stocked up to the permitted level. In terms of contracts for LNG, there are no additional slots in Świnoujście. We're talking to that system. If we could narrow down those slots for different carriers, we could purchase more. Our colleagues in Norway have intensified production. A week or two ago, we announced that this year we will attain 3 million cubic meters in gas. It's not because we purchased something, but we have simply intensified our production operations at the cost of oil so as to fill up both pipelines in Q4. Also from the economic standpoint, I think we have been implementing this emergency plan since the war broke out. To be more precise, could you provide the filling level state for the first October, assuming that the Russians on the first of June are going to cut off? Yes, we can do that if you provide us the price and what is going to be the decrease of the demand. What was the decrease for the first quarter by the industry? I can't cite it from memory. Please remember the slide where I was speaking about storage and trade. We mentioned 2%. If there were no RARS figures, we would have a decrease by, I think, 6%. I think there was in fact a 20% decrease in sales. If in that slot were no transactions of sale from stock of the obligatory mandatory reserves to the RARS, which stands for the Government Agency for Strategic Reserves, we would arrive to 19%. Please be aware that the market has noticed the evolution or the fluctuation of prices compared to last year, last quarter. The prices play a first role. It is very difficult. I wouldn't be even tempted to make, perform such an analysis for October 1st. Could you split into different segments? Industry, private users? No, no, I'm speaking about wholesale alone. Retail is a completely different story. I'm speaking about wholesale alone. In retail, can you split? Do you have a report on where the split on the retail can be seen? I'm not sure whether that's possible. For retail in general, it's a - 3%. In industry? That's the wholesale slot. That's where we speaking of industry. Please move to your neighbor with the microphone. Yes, I have a question concerning the first quarter that we're speaking of. Could you please tell us just an approximation of the split per month? I'm specifically interested in the period starting on the 24th of February. Did you see any changes, noticeable changes? I'm not sure if I understood your question. You mean in the segment here? Extraction, you mean? Production is rather falling under that notion. We have a quarter, three months. Two months were relatively normal. One was extraordinary. Could you have a rough approximation on how these results, how these figures were proportionally per month? Yes, yes, for example, per month. Well, we do not publish monthly results, monthly figures. That's first off. I would like also to draw your attention on the fact that the influence of the war. I understand your intention. A war that started next door has a tremendous influence on a number of our policies, security of energy, purchase policy, et cetera. We have macroeconomic factors, indices, temperature. What I'm saying is that if as a result of the war, there was a price peak, obviously we have earned more for this given period for extraction. We do not publish figures on a monthly basis. That's one thing. Secondly, we can't just figure out one microeconomic feature or figure because it should rather be considered in macroeconomic terms. I have to say, the intensity was dramatically increased in autumn, maybe in December last year. That referred not only PGNiG, but all the upstream on the northern shelf. If we are able to generate to produce something more, let's do it right on the spot where whenever it happens. The upstream got together before the war started. The generation was much higher because there was an opportunity. You can't expect that, yes, from one day, extraction grows and the economic figures grow. No, it is a process. We have figured out that palpable growth in figures was observed in November and December. It was not related at all, as you can figure out, from the start of the war. There was also entities that were not able to contract the gas for a short period of time in December. That was just a case out of the ordinary, and you can't consider this as a. It's like a one-stop shop. One of our customers stops the contract for a minute because they have some kind of problem and. That's not going to have a big influence on the yearly or the quarterly aspect. Are you understanding? That period, nobody would think that there was a war on coming. Please bear in mind that we have a number of partners, and all the partners need to be in line, if you like. Okay, ladies and gentlemen, thank you very much for being here with us. Thank you very much for the management. I can foresee a few minutes more if you are interested in some tête-à-tête with our management members. Thank you for your-