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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Russian delegates at the COP 29 climate summit have reaffirmed their commitment to upholding the principles of the UN Framework Convention on Climate Change (UNFCCC) and the Paris Agreement. The Russian Federation stressed the importance of adhering to the principle of "common but differentiated responsibilities," arguing that developed nations must continue to honor their commitments to climate finance, while allowing developing countries to contribute on a voluntary basis.
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The world faces a shortfall of up to $87 billion annually for climate adaptation efforts by 2030, according to Lord Livermore, Financial Secretary to the UK Treasury. Speaking at the panel discussion titled "Mobilizing for Climate Action: Countries, Multilateral Financial Organizations, and the Private Sector Implementing the Paris Agreement," Livermore highlighted the urgent need for increased investment in adaptation measures.
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In the first nine months of 2024, Azerbaijan’s alcohol and non-alcoholic beverage production totaled a mere $53 million, underscoring the dismal outcomes of the State Program for the Development of Winemaking (2018–2025). Despite being endorsed by the president in 2018, the program has delivered lackluster results despite formal state funding. In essence, the state intervention intended to foster growth in the industry has yielded minimal success.
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Azerbaijan and EIB Global, the European Investment Bank’s external branch, signed a Memorandum of Understanding (MoU) at the COP29 climate summit to modernize and expand the Baku metro network, officials said on Thursday.
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