Polish gas giant discovers new deposits

The reserves, not far from the city of Przemyśl, Podkarpackie province, hold enough gas to be mined for decades, according to the company’s CEO.

The discovery has been made possible by the use of innovative research and drilling methods, CEO Piotr Woźniak has said.

He has previously said that PGNiG has been extracting natural gas in the area for over 60 years, but is still discovering new deposits.

The gas fields near Przemyśl are where the largest quantities of quality natural gas are mined in Poland. More than 64 billion cubic metres of the resource has been extracted in the area over the years, according to reports.

The latest discovery comes at a time when Poland is working intensely to reduce its dependence on Russia for gas.

Woźniak was cited as saying in December that PGNiG could be interested in resuming efforts to exploit domestic shale gas deposits if the government relaxed the regulatory environment and the tax regime.

(gs/pk)

Source: money.pl