Press Releases 2011
U.S. Government Report: Poland May Have 5.3 TCM of Shale Gas Resources
7 April 2011
The Energy Information Administration (EIA) of the U.S. Department of Energy released a report on April 5, 2011, assessing shale gas resources in 48 shale gas basins in 32 countries around the world. The report estimates that:
- Poland enjoys recoverable shale gas resources of 5.3 trillion cubic meters (TCM), the largest of any European state studied and equal to over 300 years of Poland's annual gas consumption
- Countries surveyed possess about 163 (TCM) of technically recoverable shale gas resources, equal to over six times their current proven natural gas reserves and 120 years of their gas consumption.
- Shale gas increases total world technically recoverable resources by over 40%.
U.S. and other oil and gas companies exploring for shale gas in Poland caution that it may take a year or more before they know whether shale gas production will be commercially viable in Poland. The U.S. and Polish governments are working together through the Global Shale Gas Initiative to meet the unique regulatory challenges of environmentally responsible shale gas extraction.
U.S. Ambassador to Poland Lee Feinstein welcomed the report saying, “Shale gas has improved the energy security of the United States, and could have the potential to do the same for Poland and Europe more generally."
The U.S. Embassy and the Polish Ministry of Foreign Affairs, with the support of the Polish Exploration and Production Industry Organization, will co-host the second shale gas conference on May 18 at the Copernicus Science Center in Warsaw. The conference will address prospects for shale gas in central Europe, bringing together Polish, European, and American leaders from the private sector, government, and academia.
The Polish Geological Institute and the U.S. Geological Service are conducting a more detailed study of Polish shale gas resources, due to be completed later this year.
NOTE: The EIA report presents data in units of cubic feet. Divide those figures by 35.3 to convert to units of cubic meters.
For more information, please read the EIA press release on the world shale gas resources report.