Fifth Varshavyanka submarine joins Russia’s NavyMilitary & Defense October 26, 12:11
Russian Baltic Fleet frigate arrives in Cuba on visitMilitary & Defense October 26, 11:57
Air Defense drills involving various aircraft kick off in four CIS statesMilitary & Defense October 26, 11:34
MP Savchenko arrives in Moscow to attend hearing on Ukrainian nationalistsWorld October 26, 11:03
Bulgaria and Russia sign agreement to settle debt on Belene NPP project — ministerBusiness & Economy October 26, 10:38
Russia honored all commitments on S-300 supplies to Tehran — ambassadorWorld October 26, 9:04
Kyrgyz president signs decree on government’s resignationWorld October 26, 8:47
Display of rare impressionist masterpieces from Russian collector wows Parisian art loversSociety & Culture October 26, 8:46
Russia ready to resume humanitarian pauses in AleppoWorld October 26, 7:42
WARSAW, January 24, 15:05 /ITAR-TASS/. Privately-owned oil and gas company San Leon Energy Plc operating in Europe and North Africa announced successful results of shale gas drilling in Poland.
The company’s report says the well Lewino-1G2 is located in the Baltic basin where San Leon holds 50 licences. Its production potential is 200,000-400,000 cubic feet a day (6,000-11,000 cubic metres), which is the most promising shale gas drilling result in Poland. Commercial extraction is planned to start this year.
Russian gas export monopoly Gazprom was earlier reported to find Poland’s striving for independence from Russian gas economically unfeasible. According to the general director of Gazprom Export, Alexander Medvedev shale gas production is much costlier than conventional production. Even the U.S., the sole country producing large volumes of shale gas, did not have any effective business model yet, and production costs three times exceeded the sales price, he added. Medvedev believes shale gas in Poland has only regional prospects but cannot be a viable alternative to Russian gas.
The current gas consumption in Poland is 14 billion cubic metres a year. The country imports 10 billion out of this amount from Russia producing the rest on its territory.