Poland Seeks Shale Gas Drilling Boost for 2015 Production Start
January 20, 2012, 5:55 AM ESTBy Marek Strzelecki
Jan. 19 (Bloomberg) -- Polish companies with permits to explore for shale gas in the country must intensify drilling to start production of the fuel by 2014 or 2015, Treasury Minister Mikolaj Budzanowski told reporters today.
Polish companies should each drill 12 wells and perform 12 hydraulic fracking operations a year, Budzanowski said.
Poland’s shale gas may be as much as 50 percent cheaper than the Russian gas Poland now receives from the Yamal pipeline, paying more than $500 per 1,000 cubic metres, he said.
Polish utilities should also invest in shale gas exploration as they will be ‘major consumers’ of the fuel that will power new electricity generation units, Budzanowski said.
To contact the reporter on this story: Marek Strzelecki in Warsaw at mstrzelecki1@bloomberg.net
To contact the editor responsible for this story: Wojciech Moskwa at wmoskwa@bloomberg.net
