Poland Oil and Gas Report - Q4 2014

Business Monitor International
August 20, 2014
161 Pages - SKU: BMI5315703
Countries covered: Poland

Poland Oil and Gas Report - Q4 2014

BMI View: While Poland could see first commercial shale gas production in 2014-2015, we remaincautiously optimistic with regard to the country's shale gas production. Given the need for additionalexploration, an investor-friendly tax regime and assuming that projects take three years to be developed, wehave factored in significant shale gas production into our forecast from 2018-2019 onwards. We note thatrisks lie to the downside, depending on the industry reception of the new regulations and below-groundresults.

The main trends and developments we highlight for Poland's oil and gas sector are:

Despite encouraging below-ground developments in recent quarters, additional exploration and belowgrounddata will be required to obtain a better idea of the country's actual shale gas potential.

In June 2014, the government passed a business-friendly shale gas bill to reduce red-tape and regulatorydelays. This is a positive development which should encourage exploration. However, results on the newtax regime will be needed to evaluate whether above-ground conditions have significantly improved.



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