Poland to accelerate work on setting shale gas regulations

|By:, SA News Editor

Poland officials say they will speed up work on setting regulations for its nascent shale gas industry, after London-listed San Leon Energy (SLGYF) said last month that it had made significant progress toward commercial production after vertical drilling in northern Poland.

The development rekindled Poland's hope that shale gas will become a viable source of energy for the economy which relies on Russia for 60% of the gas used each year.

Chevron (CVX) has continued to move forward on shale gas exploration in Poland after Exxon, Talisman and Marathon Oil abandoned projects after mixed results.