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Polish firms withdrawing from shale

Polish firms withdrawing from shale

Polish firms are lowering their interest in the country’s shale reserves, as fuel group PKN Orlen and gas giant PGNiG are slowly withdrawing from shale gas exploration, in the wake of declining international interest for its development.“For us the situation is dramatic. All projects have to be put on hold,” one manager at a small energy company in Poland is quoted by Reuters.Orlen has just returned one of the concessions and is left with eight out of its initial ten.

Read more at:Polish firms withdrawing from shale | Shale Energy Insider.