The commercial production of shale gas will start in Poland in 2014, said Peter Voznyak, Deputy Minister of Ecology, at the Shale Gas Europe 2013 forum in Warsaw.
His visit to the object of San Leon firm, which has received good results of the trial drilling, is the reason for optimism.
“Considering the results I have seen, Poland will start the first commercial production next year,” Voznyak said and he did not rule out that another firm will start production the first.
About 50 exploration wells have been drilled in Poland by now. The experts believe that about 300 wells are needed to be drilled to evaluate the shale gas deposits. Lack of legislation regulating the shale gas exploration and extraction hinders the works. The disagreements between the Ministries of Ecology and Finance impede adoption of the law. The authorities hope to pass the law till the end of 2013.—0—
Economics
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The Azerbaijani government is determined to stabilize oil production. This intention was announced by President Ilham Aliyev earlier this year. "Work is underway to stabilize oil production, and I believe we will see results in the near future. We need stable oil production, and this task has been set before the investors," he remarked during one of his speeches.
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Representatives from the World Bank, Azerbaijan’s Ministry of Digital Development and Transport, and the leadership of the Baku International Sea Trade Port (BISTP) convened in Alat on Monday to discuss the implementation of the second phase of the port’s development, the largest on the Caspian Sea.
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Investments in Azerbaijan's fixed capital totaled 15.91 billion manats ($9.36 billion) in the first 11 months of 2024, marking a 3.8% decline compared to the same period last year, official data showed on Thursday by the State Statistics Committee.
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Discussions surrounding the implementation of a landmark renewable energy project on the Absheron Peninsula took center stage at a December 11 meeting hosted by Azerbaijan’s State Agency for Renewable Energy (AREA) under the Ministry of Energy. The project, initiated through a memorandum of understanding signed on March 1 in Baku, involves collaboration with the Spanish engineering giant Elecnor.
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