• 4 minutes Tariffs to derail $83.7 Billion Chinese Investment in West Virginia
  • 9 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 17 minutes Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 2 hours Saudi Arabia turns to solar
  • 18 hours Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 1 hour Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 12 hours Could oil demand collapse rapidly? Yup, sure could.
  • 6 hours Corruption On The Top: Netanyahu's Wife Charged With Misuse of Public Funds for Meals
  • 2 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 12 hours Gazprom Exports to EU Hit Record
  • 8 hours U.S. Withdraws From U.N. Human Rights Council
  • 2 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 17 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 13 hours OPEC Meeting Could End Without Decision - Irony Note Added from OPEC Children's Book
  • 11 hours "The Gasoline Car Is a Car With a Future"
  • 10 hours What If Canada Had Wind and Not Oilsands?
  • 23 hours EVs Could Help Coal Demand
  • 6 hours EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
  • 1 day Tariffs to derail $83.7 Billion Chinese Investment in West Virginia
Oil Demand Growth Could Start To Soften Soon

Oil Demand Growth Could Start To Soften Soon

Non-OECD markets are one of…

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