PGNiG Reported in Shale Concession Talks

Poland’s gas giant PGNiG is holding talks on co-operation with companies interested in shale gas exploration, media reports.

According to the Parkiet daily, companies which are interested in Poland’s shale gas include companies associated with Shell, British Gas, and the Italy's ENI.

Shell and British Gas do not presently have concessions to search for shale gas in Poland, whereas PGNiG holds as many as thirteen.  Italy's Eni recently reached an agreement for the acquisition of Minsk Energy Resources and to become operator of 3 licences in the Polish Baltic Basin. (Read more HERE)

The Polish gas giant is reportedly aiming to trade with a chosen partner for foreign concessions, which include possibilities for exploration off Norway, or in Egypt, Algeria or Tunisia.

According to PGNiG bosses quoted by Parkiet, the potential list of partners contains no American companies which already hold concessions for shale gas exploration in Poland.

Source: thenews.pl