Seeking Alpha

Chevron, Polish firm to jointly explore for shale gas

  • Poland’s PGNiG says it has signed an agreement with Chevron (CVX +0.8%) to jointly search for shale gas in southwestern Poland in a move to speed up exploration.
  • The companies will jointly assess gas deposits and will exchange geological information to help choose exploration sites; such information is scarce in Poland, due to the small number of exploratory wells.
  • Dependent on Russian imports, Poland wants to diversify its energy sources and is placing hopes in its reputedly large shale gas deposits.
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Comments (1)
  • Michael Fitzsimmons
    , contributor
    Comments (9770) | Send Message
    This may well be a much quicker way to deal with Russian gas addiction than waiting for US LNG exports. Meantime, STO and VET are in a great position to sell gas to Europe.
    31 Mar 2014, 07:55 PM Reply Like
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