Poland Oil and Gas Report - Business Monitor International - Industry Reports

Poland Oil and Gas Report

Poland Oil and Gas Report - Business Monitor International - Industry Reports
Poland Oil and Gas Report
Published Oct 01, 2016
100 pages — Published Oct 01, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

We maintain our low gas consumption growth forecast for Poland, as we become increasingly bearish on the country s switch to gas in the power sector. Concern about energy security, the unlikelihood of domestic shale gas production within our forecast period and concerns of rising electricity bills provide little incentive for phasing out cheap coal-fired power generation and a switch to gas-powered generation. ...We maintain our low gas consumption growth forecast for Poland, as we become increasingly bearish on the country s switch to gas in the power sector. Concern about energy security, the unlikelihood of domestic shale gas production within our forecast period and concerns of rising electricity bills provide little incentive for phasing out cheap coal-fired power generation and a switch to gas-powered generation. While Poland will remain heavily dependent on Russian gas, it is successfully diversifying its supply options with its first LNG import terminal and reverse flow projects. ...In a similar move, Orlen is also reportedly considering buying Iranian oil. This could be a way of pressuring Russian Rosneft to lower its prices as the country is currently negotiating a supply agreement renewal for crude imports with the company.

...We have downgraded Poland s long-term gas production outlook, removing any contribution in growth from shale gas. Exploration for unconventional gas in Poland has come to a near standstill and is unlikely to pick up within the next few years. ...This would be a death blow to shale exploration efforts in Poland (at least for the coming years) given PGNiG is the last large company still exploring for shale gas in Poland. We continue to highlight the potential of conventional gas exploration and the role it has in boosting Poland s output, as highlighted by San Leon s recent Rawicz discovery, to be developed within the next one to two years. Conventional developments in Poland will very slowly increase Poland s gas production over our forecast period. ...The work is due to commence in autumn ---- in the main basin of the Upper Silesian Coal Basin.

...As of July ----, the total number of shale gas exploration licences still under licence has fallen to --, from a peak of --- in mid-----. ...No wells were hydraulically fractured stimulated wells in ----, the first time since the start of exploration in ----. This is clearly an insufficient drilling rate: industry estimates outline the need for ------- wells to provide sufficient information to evaluate the possibility of commercial production of shale gas in Poland. We do not expect to see any such drilling rates over the coming years and this this prompted us in ---- to remove any shale contribution to our gas production forecast for Poland to ----. ...

  
Source:
Document ID
1748-4170
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Poland Oil and Gas Report" Oct 01, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Poland-Oil-and-Gas-Report-2026-263>
  
APA:
Business Monitor International - Industry Reports. (2016). Poland Oil and Gas Report Oct 01, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Poland-Oil-and-Gas-Report-2026-263>
  
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