Poland may hold only 1 Tcf in shale

Poland shale: country's shale resources may contain only 1 Tcf

Reuters/Scanpix

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By News wires

 16 March 2012 22:19 GMT

Poland's first official shale gas estimate due next week will show deposits at 1 trillion cubic metres, a fifth of what had been floated earlier, the country's public TVP television broadcaster said in its Friday evening news bulletin, according to a report.

Warsaw has developed high expectations for shale gas to reduce Poland's overwhelming reliance on the highly-polluting coal and Russian gas deliveries since a US energy agency said the country may have 5.3 trillion cubic metres of the commodity.

Poland's centrist cabinet of Prime Minister Donald Tusk granted more than a 100 shale gas exploration licenses so far, including to global majors such as Chevron and ExxonMobil, as it tries to develop a new market on its soil.

"Even if it's less, it will be enough to satisfy demand of the Polish market for several decades ahead," Poland's Treasury Minister Mikolaj Budzanowski…

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