Poland hopes fracking will help lead it to economic revival
WARSAW, Poland — A map of Poland, unevenly colored in shades of yellow, brown, green and purple, like a half-finished jigsaw puzzle, hangs prominently on the walls of the country's agencies and corporations. Official visitors, who are cordially invited to take a closer look, will see the label in the corner: “Map of Concessions for Hydrocarbon Exploration and Production.”
Poland, which last century was the target of foreign armies, today is being divvied up by a hydrocarbon fever. Hoping to reproduce the recent “energy revolution” brought about in the United States by the advent of fracking, the Polish government has spearheaded shale gas exploration in Europe in the hopes that one day it will have its own natural gas industry.
Despite the enormous infusion of capital and promises that production could start as early as 2015, however, Poland's gas industry has yet to take off. Hampered by difficult geology, a paltry service sector, a lack of adequate infrastructure, as well as an uncertain regulatory and tax environment, few exploratory wells have been drilled.
That, in turn, has delayed assessment of the actual size of reserves and left in doubt whether the industry could ever be commercially viable.
Show commenting policy
TribLive commenting policy
- U.S.-led airstrikes hit 4 Syrian provinces
- Protesters in Hong Kong stand firm in battle to stop encroaching rule by China
- Netanyahu rebuts claim of genocide, accuses Iran
- U.S., rebels on shaky ground in campaign in Syria
- Afghan president heads unity government poised to sign pact to keep U.S. troops
- Suspects in killing of 3 Israeli teens slain
- Coalition airstrikes fail to slow ISIS attacks on key cities
- Islamic nations lobby Palestinians to join ICC
- Virus traced to mosquitoes in Latin America causes severe joint pain
- Historic, anxious handover as Afghanistan swears in new leader
- Unrest, fatalities challenge shaky cease-fire in Ukraine