• 3 minutes 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 6 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 11 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 14 minutes Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 2 hours Shale Oil Fiasco
  • 8 hours USA v China. Which is 'best'?
  • 3 hours Everything you think you know about economics is WRONG!
  • 8 hours Wallstreet's "acid test" for Democrat Presidential candidate to receive their financial support . . . Support "Carried Interest"
  • 4 hours My interview on PDVSA Petrocaribe and corruption
  • 18 hours Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 9 hours Quotes from the Widowmaker
  • 1 day True Confessions of a Billionaire
  • 8 hours Global Debt Worries. How Will This End?
  • 15 hours Petroleum Industry Domain Names
The Next Major Middle East Oil IPO

The Next Major Middle East Oil IPO

Oman Oil Company could become…

Iraq In Crisis As Oil Is Threatened

Iraq In Crisis As Oil Is Threatened

Both the U.S. and Iran…

Poland's Shale Gas Revolution off to a Rather Unimpressive Start

Poland’s high hopes that shale gas will free it from the oppressive influence of Gazprom, and the polluting energy source of coal, seems to have suffered a bit of a set-back.

Coal currently accounts for 90% of Poland’s electricity generating capacity, and natural gas imported from Russia, at very unfavourable prices, makes up the remaining 10%.

Plans to develop its domestic shale gas industry have produced, as Piotr Wozniak, the Deputy Environment Minister, puts it, “very humble results so far with only 33 wells completed.” He expects another 270 wells to be drilled over the next seven to eight years, still not the most ambitious rate of development, especially given the rate of decline of similar wells in the US.

Related Article: Let the Fracking Begin in Europe - Very Cautiously

The uncertain legal landscape and lengthy testing process offers part of an explanation as to why Poland has not yet taken full advantage of the potential of its reported shale resources.

A study by the US Energy Information Association in 2011 estimated that Poland could hold gas reserves of as much as 5.3 trillion cubic metres.

Wozniak has stated that foreign investment will be vital to developing that potential, and to this end the Polish government must lay out clear regulations for exploration, drilling, and extraction in order to assure foreign investors.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play