Poland to adopt shale exploration regulations this year


Poland to adopt shale exploration regulations this year

WARSAW -- Poland will adopt a new, more investor-friendly law on shale gas exploration activity by the end of June, Environment Minister Marcin Korolec said. The new regulations are meant to ease bureaucracy in the sector. Poland will also create state operator that will take part in energy consortia.

“I expect the shale gas draft bill to be adopted [by the government] by the end of June and Parliament should do the same by the end of the year,” Mr Korolec said at a news conference in Katowice. Deputy Environment Minister Piotr Woźniak added that, “Foreign capital is incredibly important for the development of shale gas exploration in Poland, as Polish companies do not have the experience and capital needed.”

The statements follow recently announced decisions to withdraw from Polish shale investments by Marathon Oil and Talisman Energy. On Monday, daily Rzeczpospolita reported comments from foreign investors and diplomats who left a meeting with Mr Woźniak with the impression that Poland did not wish to support foreign investment in shale gas.
Poland has issued more than 100 shale gas exploration licenses, with some 40 test wells being in operation currently, though none is expected to start producing gas before 2015.

Warsaw Business Journal


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