PGNiG, JSW, Tauron, PGG sign methane production deal

WSE-listed, state-owned companies PGNiG, JSW, Tauron, and PGG signed a framework agreement to develop methane production from coal beds. PGNiG alone plans to spend PLN 300 million within the next three years on the project. The companies hope to increase domestic natural gas production, reduce the cost of coal mining and improve miners' safety. “Methane from coal beds can become an important element of our country's energy security. At the same time, the methane drainage of mines will significantly improve the work safety of miners and may accelerate the coal mining rate. I am glad that together with other Polish mining and energy companies, PGNiG will develop technologies that allow for the extraction of methane from coal seams,” PGNiG CEO Marek Woźniak said in a market filing.