News and stories about Poland as reported around the world
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gas

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

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

Fracking may free Poland from Russian energy domination

With large but unproven shale gas reserves, Polish officials hope disputed technique of fracking fulfills promise of a more reliable energy supply.

Dreams of freedom from Soviet oppression were nurtured and realized in the shipyards of this seaside city, where the Solidarity movement that helped tear down the Iron Curtain was born. Continue reading

Sorting frack from fiction

Shale gas’s poor image in Europe is largely unjustified

IN FOLKLORE THE will-o’-the-wisp, a mysterious light that lures travellers away from paths into dangerous marshlands, was thought to be the embodiment of evil spirits. The light was probably methane, given off by rotting vegetation, that had spontaneously ignited. The atavistic fear of gas lives on in public anxiety over fracking. The IEA’s report “Golden Rules for a Golden Age of Gas”, published in May, says that if shale extraction goes ahead at full speed worldwide, gas could make up around 25% of primary energy demand by 2035, against 21% in 2010. But if public resistance holds back its development, its share may rise to only 22%. Continue reading

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