Poland Looks to Shale Gas to Reduce Energy Prices
Shale gas extraction in Poland may reduce local electricity prices.
This is a great chance and one of the biggest projects we are working on now, director of the crude oil and gas department at the Economy Ministry Maciej Kaliski told a "Poland and the Global Gas Market" conference in Warsaw on Tuesday.
It is rather difficult to speak about any details when deposits have not been evaluated, Kaliski added.
In late 2010 the head of the Polish Geological Institute said that first estimates of Poland's shale gas deposits in northern Poland would be ready in mid-2011 and in other regions at the end of the year.
Poland has already issued 70 shale gas concessions to domestic and international players including Exxon Mobil, Chevron Corp., Marathon Oil, Polish Oil and Gas Company, Realm Energy, Talisman/San Leon Energy and Saponis Investments.
ConocoPhillips/Lane Energy recently drilled the first two shale gas wells in Poland in the Baltic Basin. Saponis Investments is presently drilling the Wytowno S-1 well also in Baltic Basin.