Platts: Petrodollars: the shale gas boom has been slow to arrive in Poland

Poland was always the European country that most aggressively welcomed the shale gas revolution. But success has been fleeting and there have been plenty of setbacks,  as Stuart Elliot discusses in this week’s Oilgram News column, Petrodollars.

Poland may claim its newly-presented draft hydrocarbon tax regime makes it one of the most attractive places to explore for shale gas in the world, but the country is still reeling from a huge loss of confidence in the sector after a major reserves downgrade and the exit of ExxonMobil.

This month, the Polish government published its long-awaited set of taxes to cover the country’s hoped-for shale gas production boom, which capped all tax at 40% of an operator’s gross profit.  MORE