Polish Foreign Minister: Shale Gas A Great Chance For Poland
May 18 2011 - 3:59AM
Dow Jones News
Shale gas exploration is a great chance for Poland, both for its
energy sector and its overall standing, Polish Foreign Minister
Radoslaw Sikorski told reporters Wednesday.
"This is a great chance for Poland to strengthen its energy
security and its position overall," he said.
Poland is not worried about public statements that put shale gas
exploration in a negative light, mostly on environmental grounds,
he added.
"Let's not be afraid, let's just do our own thing. We just have
to keep explaining to environmentalists and local people what it's
about. From what I know, the technology keeps improving."
When asked about the origins of the negative statements on shale
gas, Sikorski responded: "You try to guess."
The Energy Information Administration of the U.S. Department of
Energy said in April that Poland has 5.3 trillion cubic meters of
shale natural gas, equal to more than 300 years of the country's
annual gas consumption. If it turns out to be economically viable
to extract, shale gas would reduce Poland's natural gas supply
dependence on Russia's OAO Gazprom (GAZP.RS).
U.S. energy giants are drilling in Poland after initial
geological research showed the country may have substantial amounts
of shale gas. The Polish media have recently carried reports that
residents in areas where the companies are drilling are protesting
against exploration out of concern it could damage the
environment.
-By Marynia Kruk, Dow Jones Newswires; +48 22 447 2431;
marynia.kruk@dowjones.com