Polish PM Sees Approval of New Shale Gas Law within Two Weeks
After winning government approval, the draft law must still pass through parliament - a process that could take a few months.
The unpredictable legal landscape and slow-moving process to implement a new shale law had made investors nervous and threatened Poland's dreams of moving toward energy independence. The former Soviet bloc nation gets the bulk of its gas from Russia.
In response, Tusk late last year appointed a new environment minister and chief geologist - moves that drilling companies say have started to thaw what they felt was a chilly business environment.
The shale industry received a further boost last month when San Leon Energy announced a successful shale test in Poland.
The chief executive of another exploration company, 3Legs Resources, said last week that three new test wells to be drilled this year should shed light on Poland's potential to develop its shale gas resources.
Environment Minister Grabowski predicted 30 new shale wells would be drilled this year, bringing the total to around 85 and said commercial production could be possible sometime in 2014.
"This year, I think at least 30 wells for shale gas will be made," Grabowski said. "To date there were 55. This year will be a turning point for shale gas".
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