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Eni to pull out of Polish shale gas

15th January 2014
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Italian energy group Eni is planning to withdraw from shale gas exploration activity in Poland, according to sources quoted by Puls Biznesu.

The company reportedly names difficult geology and unhelpful regulations as the reasons behind the move. Eni is said to be planning to let its licenses expire and leave the remaining partners to manage the deposits.

Eni’s spokesperson declined to comment on the reports. The news was however confirmed by Paweł Mikusek, spokesman for the Ministry of the Environment.

If the Italian firm does withdraw from Poland, it will follow the steps of Marathon Oil, Talisman Energy and Exxon, which have sold their Polish shale gas exploration licenses.

 

Poland A.M.


From Warsaw Business Journal

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