PGNiG Forsees Early Development of Shale Gas

Polish daily Rzeczpospolita reports that PGNiG may start extraction of shale gas as soon as in 2014.

PGNiG, which recently concluded its first successful drilling for shale gas near Wejherowo, plans to spend the next few months of testing the outcome of this exploration, according to its deputy head Marek Karabula.

Meanwhile, though, simultaneously drilling exercises will be carried out - their effects should be known within two years. If they also prove successful, PGNiG could start the production of shale has in three years, Karabula stresses.

Earlier, experts estimated that the extraction of this unconventional gas could start only in 7-8 years.

Karabula said that according to the model assumptions, the Wejherowo concession could produce 300mn cu.m. of gas annually (Poland's annual consumption is around 14bn cu.m.).

Source: GoWarsaw