Poland to Spend $1.57 Billion on Shale Gas Exploration

Platts reported that according to Polish Treasury Minister Wlodzimierz Karpinski, the country plans to spend about $1.57 billion on shale gas exploration by 2017.

As quoted in the market news:

‘Polish energy security and independence is a government priority,’ Karpinski told parliament as he outlined the government’s energy policy priorities until the end of its term next year, according to a treasury ministry statement.

‘It’s based on the search for our own raw materials and the maximum use of national resources. We want to take advantage of this opportunity for energy independence, which in Poland may derive from shale gas reserves, and that’s why state companies will invest not less than Zloty 5 billion in unconventional exploration to 2016,’ he added.

Click here to read the full Platts report.