Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, January 15, 2014

Eni said to join shale gas exodus from Poland

Eni said to join shale gas exodus from Poland 2:50 PM
  • Eni (E) reportedly is set to abandon efforts to produce shale gas in Poland, dealing another blow to the country's ambitions of becoming a significant gas producer and raising further doubts about shale's prospects elsewhere in Europe.
  • Eni apparently will let its three concessions in the north of the country expire because the geology was much more unfavorable than it had anticipated.
  • Exxon, Marathon Oil and Talisman Energy already have pulled out of Poland, which was once seen as Europe's best shale prospect with substantial reserves and a friendly government; Chevron is one of few major companies still hunting for gas.
Read commentshttp://seekingalpha.com/news/1509571-eni-said-to-join-shale-gas-exodus-from-poland?source=email_rt_mc_readmore

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