PGNiG: Office of Competition and Consumer Protection’s approval to establish special purpose vehicle in the field of biomethane

Further to the Current Report No. 17/2021 of May 5th 2021 – regarding to signing of a letter of intent with ORLEN Południe S.A. to the possibility of conducting joint investment aiming at development of biomethane production – the Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”) informs on receiving on January 31st 2022 the decision issued by the President of the Office of Competition and Consumer Protection on approval for the concentration in the form of establishment by Orlen Południe and PGNiG of joint entrepreneur i.e. PGNiG SPV 7 Sp. z o.o., the subject of which will include i.a.: acquisition and construction of biomethane installations, development of technologies used for biomethane production as well as trade, production and use of biomethane in various areas of activity.

ORLEN Południe S.A. will acquire a 51% ownership interest in the SPV, with the remainder to be acquired by PGNiG.