PM: Poland to change Gazprom deal, if shale gas deposits bring big supplies.

By bne IntelliNews June 14, 2010
If it turns out that the - allegedly huge - deposits of shale gas in Poland allows to cover for a considerable part of the country's natural gas needs, the gas supplies agreement with Russia'ss Gazprom could be changed, PM Donald Tusk has announced. He stressed that changes in the new deal with Gazprom could be possible as this accord had not been "finalized to the full yet." Tusk explained that this scenario could be possible if shale gas was able to replace a significant part of gas now imported from Russia. The accord stipulates for an extension of the contract for the supply of Russian gas to Poland until 2037 and, in compliance with the contract in force, as of 2010 envisages an increase in the volume of gas supplies to Poland according to Polish demand up to a maximum of 10.2bn cubic metres. Currently, The consumption of the natural gas in Poland is 13-14bn of cubic metres, and 30% of them stands for the domestic extraction. In 2008, OOO Gazprom Export supplied over 7bn cu.m. of the natural gas to Poland. According to various estimates, Poland seems to have the highest potential in the EU with the pot of 1.6-3.0tr cu.m. Poland's chief geologist Henryk Jezierski reiterates that the first drilling results will be in 2010. Then, the first documentation, first reserve estimations will be available in 4-5 years. Lastly, shale gas to be delivered to households not earlier than in 10-15 years. tom

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