13 July 2012 16:43 [Source: ICIS news]
The National Centre of Research and Development and the Industrial Development Agency (ARP) are each contributing Zl250m to the programme, it added.
The remainder of the funding would be sourced from state-controlled companies involved in shale gas exploration that were expected to join the initiative, including oil and petrochemical groups PKN Orlen, Grupa Lotos and gas monopoly PGNiG, the ministry said.
In mid-May investment bank WOOD & Company noted Polish ministers seemed to be easing the ban, but reiterated that it was “difficult to imagine that
The Polish government's hopes of replacing a large proportion of imported Russian gas with shale gas suffered a setback in late June when Exxon Mobile Corp pulled out of its shale gas exploration efforts in Poland saying the early wells it had drilled had not shown strong gas flow rates. Poland currently covers around two-thirds of its gas requirements with imports from Russia.
($1 = Zl3.45, €1 = Zl4.21)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections