Poland fears European-wide shale gas extraction ban
Chevron plans to drill its first well later this year.
Source: Poland News service
Poland’s gas giant PGNiG SA fears potential EU-wide shale gas regulations following France’s parliament voting to ban hydraulic fracturing, or fracking of gas and oil could threaten the extraction of shale gas deposits in the country.
It is estimated that Poland is sitting on 5.3 trillion cubic metres of shale gas, which if extracted successfully could greatly lesson its reliance on Russian gas and oil. But the move in the French parliament on Wednesday, and any similar ban on fracking - currently the main method of extracting shale gas - could threaten Poland’s energy security and independence, says state gas company PGNiG’s Marek Karabula.
