Ten years have passed since the first concession to search for shale gas was issued. There were several problems of technological, economic and legal nature, which prevented Poland from becoming potentate in extracting this resource. It may seem that Poland missed its chance. However, monitoring and using new methods of shale gas production together with legal framework implementation, which would encourage the investors, can mark a new chapter in history of the Polish gas industry.
Shale gas in Poland: from euphoria to disappointment
According to the data provided by the Ministry of Environment the first concession to search for shale gas was issued in 2007, and the first drilling took place three years later. In the peak moment in 2012 111 exploration concessions were in force.This year was also marked by the publication of the Polish Geological Institute, in which the deposits were estimated at 346-768bn cubic metres.In 2011 the Polish Prime Minister anticipated that the commercial production of shale gas will have begun after three years.According to the observers, for instance former Minister of Economy Janusz Steinhoff, thanks to shale gas extraction Poland would have an opportunity to become independent of its imports while causing the lowering of prices on the domestic market.
Yet, in 2015 foreign investors started to withdraw and Polish state companies PGNiG and PKN Orlen abandoned their projects last year. Continue reading