Poland’s PGNiG begins technological production of shale gas

19 September 2011 12:42  [Source: ICIS news]

LONDON (ICIS)--State gas monopoly PGNiG has become the first Polish company to begin technological production of shale gas, it said on Monday.

Gas is being drawn from shale formations in the Lubocino-1 well at Wejherowo, near the Baltic Sea port city of Gdansk, northern Poland, it added.

PGNiG hoped to move to full test production at the site in the second half of 2013 and commercial production in 2014.

In June, British firm 3Legs Resources said it had completed Poland's first horizontal well in the search for shale gas.

Erste Group Bank has cautioned that because of obstacles surrounding environmental protection and population density, Europe would have to wait at least five years before any significant production rates of unconventional gas were achieved.

By: Will Conroy
+44 20 8652 3214

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