Report: Polish coal industry to witness growth in both production and consumption
Coal production in Poland is projected to increase at a compound annual growth rate of 2.8% to reach 156.2 million tonnes (Mt) in 2020, while consumption is also expected to grow by 2.6% to 149.4Mt, according to a report by Timetric.
Entitled 'Coal Mining in Poland to 2020', the report states that coal production will be spurred by the start of two new projects called Debiensko and Morcinek in Silesian in 2020. Despite a fall in production by 4% in 2014, Poland remained the ninth biggest coal producer globally with a share of 1.7% in global production.
The shutdown of two power plants caused Poland's coal consumption to drop by 3.8% in 2014. The projected increase in coal consumption, however, reflects the significance of coal in the country's power sector, which accounted for 90.8% of the total coal consumption in 2014.
Poland's coal exports declined significantly in 2014 by 18.5% to 8.8Mt due to a weak demand from the key markets of UK and Germany. The exports are expected to remain stagnant at 9.1Mt in 2020.
In terms of proven coal reserves, the country occupied the 15th spot in 2014 with reserves of 5.5 billion tonnes (Bt) or 0.6% of the global total. Its coal reserves consist of anthracite, bituminous grades, sub-bituminous and lignite grades, which are located in the Upper Silesian Coal Basin (USCB) and the Lublin Coal Basin (LCB).
The Timetric report further lists the key coal producing companies in Poland, which include PGE Gornictwo i Energetyka Konwencjonalna Spolka Akcyjna (GiEK PGE), Kompania Weglowa, Jastrzebska Spolka Weglowa, and Katowicki Holding Weglowy.