FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Lancaster Investment Management LLP
2. Date of Event Requiring Statement (MM/DD/YYYY)
1/27/2020 

3. Issuer Name and Ticker or Trading Symbol

CONSOL Energy Inc. [CEIX]
(Last)        (First)        (Middle)

60 CHARLOTTE STREET
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                          ___X___ 10% Owner
_____ Officer (give title below)        _____ Other (specify below)
(Street)

LONDON, X0 W1T 2NU      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

6. Individual or Joint/Group Filing(Check Applicable Line)

___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, par value $0.01 per share ("Common Stock") 2590720 I See footnotes (1)(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) The securities reported herein are held by Lancaster Global LS Equity Master Limited, which is managed by Lancaster Investment Management LLP ("Lancaster UK"). Matthew Wood ("Mr. Wood," and together with Lancaster UK, the "Reporting Persons") serves as the Chief Investment Officer and the controlling person of Lancaster UK.
(2) The filing of this statement shall not be deemed an admission that either of the Reporting Persons is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Lancaster Investment Management LLP
60 CHARLOTTE STREET
LONDON, X0 W1T 2NU

X

WOOD MATTHEW T
60 CHARLOTTE STREET
LONDON, X0 W1T 2NU

X


Signatures
Lancaster Investment Management LLP, By: /s/ Daniel Wiener, its Chief Executive Officer2/6/2020
**Signature of Reporting PersonDate

/s/ Matthew Wood2/6/2020
**Signature of Reporting PersonDate

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