the republic logo

Chevron, Poland's PGNiG jointly explore for shale gas as Poland diversifies energy sources

Share/Save/Bookmark

WARSAW, Poland — Poland's gas giant PGNiG and Chevron on Monday agreed to jointly hunt for shale gas in southwestern Poland in a move to speed up the exploration amid tension with major gas supplier, Russia.

Dependent on Russian imports, Poland wants to diversify its energy sources and is placing hopes in its reportedly sizeable shale gas deposits. Warsaw is also urging the European Union to develop a joint energy system and decrease reliance on Russia.

European leaders are talking about possible economic sanctions against Moscow over its political conflict with Ukraine. Russia recently said it was raising gas prices for Ukraine, which also transits the fuel to central and western Europe.

"The experience of recent weeks shows that Europe must show more solidarity in the energy sector," Poland's Prime Minister Donald Tusk said over the weekend.

Tusk called for greater investment in Europe's gas network, on joint purchase policies and on a greater role in the energy mix for coal, which is Poland's top energy source, and shale gas, which is unpopular in Europe.

On Monday, PGNiG spokeswoman Dorota Gajewska said PGNiG and Chevron will jointly assess gas deposits in their areas of operation and will exchange geological information, which is vital for choosing exploration sites. Such information is scarce in Poland, due to the small number of exploratory wells. There are some 50 now, while hundreds are needed to offer a reliable assessment.

Chevron said in a statement that successful exploration could result in the "establishment of a joint company in which each holds a 50 percent interest."

The companies say cooperation will help cut their costs and risks.

Chevron is currently assessing results from its four exploratory wells.

In Europe, only Poland and Britain are actively exploring for shale gas.

Think your friends should see this? Share it with them!

All comments are moderated before posting. Your email address must be verified with Disqus in order for your comment to appear.
View our commenting guidelines and FAQ's here.

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.