ICIS: Poland to halt nuclear electricity plan for shale gas - analysts

Analysts expect Poland's nuclear programme to be dropped in favour of shale gas as a less risky investment option, experts have told ICIS.

They claim that the parties involved in the nuclear programme could be progressing deliberately in slow motion, biding their time while the country receives clarity over the size of its shale gas reserves.

"If we have gas, there is no need for nuclear. The nuclear idea originated four to five years ago, before shale gas was on the agenda - we did not know that we had the potential for shale gas," Pawel Puchalski, head of equity research at BZ WBK Brokerage, told ICIS.

"At present, the only option for the nuclear programme is to progress in slow mode for the next two years until we know the amount of shale gas available. There's no point in giving up just now."  MORE