Polish Treasury Wants Laws to Simplify Shale Gas Exploration

GOZDZIK, Poland - Poland's Treasury Ministry would like to propose a set of laws to make exploring for shale gas easier in the central European country, Minister Mikolaj Budzanowski said Monday.

"We're working on something similar to the law passed in 2009 to speed along construction of the liquefied natural gas terminal and gas storage facilities," Mr. Budzanowski said. "We'd like to do something similar for the shale gas sector."

In 2009, Poland passed legislation seeking to simplify administrative procedures and streamline building permits for the construction of an LNG port as part of its efforts to reduce dependence on natural gas imported from Russia via overland pipelines. The country currently seeks to encourage exploration for shale gas and estimates its reserves could provide several decades of consumption, possibly turning Poland into a gas exporter.

Mr. Budzanowski didn't specify when such a proposed law for shale gas exploration could be ready.

Copyright (c) 2012 Dow Jones & Company, Inc.

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