News and stories about Poland as reported around the world
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energy

Poland gets Russian gas price reduction

Poland has obtained a significant price reduction on the gas it imports from Russia, ending a legal dispute that had escalated to international arbitration, officials said Tuesday.

The head of Poland’s PGNiG gas an oil giant, Grazyna Piotrowska-Oliwa, said her company and Russian supplier Gazprom signed a deal in Warsaw on Monday that “changed the pricing formula” of their 2010 agreement by linking the cost of the gas to market prices. Continue reading

Not Your Parents’ Poland

Eric Stewart, President of the U.S.-Poland Business Council, takes stock of Poland’s potential for leadership in the field of energy and examines the recently released draft plan for regulating the Polish shale gas industry and its potential impact on the development of these resources. Continue reading

Both Shale Gas And Nuclear Are Priorities For Country

Polish Prime Minister Donald Tusk said Thursday that the development of both shale gas and nuclear energy are priorities for the country and denied that the country’s ambition to build its first nuclear power plant is flagging.

“For the Polish government, nuclear energy and, of course, investments in shale gas are priorities,” Mr. Tusk said. “Nothing has changed in this regard.” Continue reading

Poland to invest 12.5 billion euros in shale gas by 2020

Poland will invest 50 billion zlotys (15.5 billion euros) in the exploration of shale gas by 2020, Finance Minister Mikolaj Budzanowski said Saturday.

Investment over the next two years will total five billion zlotys (1.2 billion euros, $1.6 billion), which includes a 409-million-euro shale gas deal agreed in July by five Polish energy and mining groups, Budzanowski told the press. Continue reading

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