Poland puts more emphasis on shale gas rather than nuclear energy programme.

By bne IntelliNews October 25, 2012
Poland's two big-scale programmes: shale gas prospecting and the construction of nuclear power plant cannot both turn out to be successful as one rules out the other, according to president of Poland's biggest power utility PGE Krzysztof Kilian. PGE is the leader of Poland's nuclear energy project. Furthermore, minister of treasury Mikolaj Budzanowski said that Poland's priority is hydrocarbons production, while the ultimate decision on the nuclear energy programme will be made only in 2014-2015. Power market expert Krzysztof Zmijewski (among others, president of Polish Power Grid PSE in 1998-2001) pointed to high costs of both schemes - he estimates the costs of a single nuclear power plant at PLN 50-65bn and stressed that the Premier recently announced that the shale gas project will entail PLN 50bn worth of investments. The first 3,000 MW nuclear power plant in Poland is due to kick off in 2025, while the second one (with the same capacity) - in 2029. In 2011, the State Geological Institute (PIG) estimated that Poland's shale gas deposits are at least around 345-768bn m3. In April of 2011, the U.S. Energy Information Administration (EIA) estimated that Poland's technically recoverable shale gas resources are 187tr cubic feet (or around 5.3tr cu.m.).

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss