Poland starts shale gas test drilling.

By bne IntelliNews August 26, 2011
Poland's state-owned gas monopoly PCNiG in cooperation with US FX Energy have started test drilling in a plot in central Poland believed to have deposits of 100bn cubic metres of shale gas, Polskie Radio reported. If protections are proved correct, Poland could become a major player in Europe's gas market, reducing its dependence on Russian energy sources. Last week Lane Energy, which holds shale gas licences in northern Poland, said shale gas production may start in five years. According to the US Department of Energy, Poland has recoverable shale gas reserves of 5.3tn cubic meters, while Wood McKenzie says there are only 1.4tn cubic meters of these valuable resources.

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