Investors have completed 39 drillings in search of shale gas in Poland, with another 3 drillings still under way, according to the data of the ministry of environment. Until 2021, investors plan to carry out a total of 309 drillings (they are obliged to carry out 128 of them, with another 181 wells being optional). So far, the ministry has granted over 100 licenses for shale gas prospecting to, among others, Chevron, ConocoPhillips, Talisman Energy, PGNiG, Grupa Lotos and Orlen Upstream. 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.). In March of 2012, the State Geological Institute (PIG) estimated that Poland's shale gas deposits are at least around 345-768bn m3. |
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
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
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