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How Poland’s Crusade for Energy Autonomy Affects EU and Russia

Poland’s new government seeks to shake up the nation’s power, gas and oil industries in the name of boosting energy security, with consequences for both dominant supplier Russia and the country’s partners in the European Union. While Prime Minister Beata Szydlo vowed last week to exploit coal and lignite deposits in the face of EU attempts to curb carbon emissions, tankers with Saudi and Kurdish crude sailed to Polish refineries reliant on Russian oil. Meanwhile, a Qatari tanker was loading its first liquefied natural gas shipment for a Polish terminal. Q: Will Poland Switch Russian Oil for Saudi? No, but the country of 38 million people, which buys about a 10th of Russian crude exports to the EU, can do more to diversify its supplies. Deliveries from the world’s biggest energy exporter account for more than 90 percent of Poland’s annual imports of 23.6 million tons of oil, according […]

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Polish Refiner Turns to Saudi for Crude Amid Russian Dominance

Poland’s top refiner PKN Orlen SA will take delivery of its first crude from Saudi Arabia next month, a shipment that could mark the start of new trade relationship undermining the traditional dominance of Russian supplies. “The delivery may result in longer cooperation,” Chief Executive Officer Jacek Krawiec said at a conference in Warsaw on Thursday. Orlen’s largest refinery in Plock, which can process 16.3 million metric tons of crude annually, and its 10.2 million-tons-year Lithuanian facility could both use Saudi crude. Orlen is considering buying oil from Saudi Arabia and Iran as it seeks better terms amid a global supply glut. The refiner, which buys more than 90 percent of its crude from Russia, is also looking to renew two mid-term contracts that end in December and January with OAO Rosneft and Mercuria Energy Group Ltd. Rosneft CEO Igor Sechin questioned Saudi Arabia’s strategy of boosting output to […]

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Europe welcomes Polish gas diversity efforts

Gas transit projects slated for Polish government support will connect to the European market and eliminate internal bottlenecks. Photo by tcly/Shutterstock BRUSSELS, July 17 (UPI) — More than half of the gas projects slated for Polish government grants will connect to European markets and help diversify the sector, an EU commissioner said. The European Commission said Poland’s plans to grant nearly $830 million in grants to nine different gas projects are line with efforts to advance a "true energy union" by creating more connections to regional economies. Margrethe Vestager, the European Union’s commissioner in charge of competition policy, said the grants were an encouraging testament of sensible public spending . "Interconnections enable energy flows between countries, improve cross-border connections and allow diversification of gas supply sources," she said in a statement. Five of the nine gas projects set to receive Polish state assistance will connect to European gas networks […]

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Conoco stops its shale gas exploration in Poland

WARSAW ConocoPhillips, the U.S. energy company, is withdrawing from shale gas exploration in Poland as it has not encountered commercial volumes of the gas, the company said on Friday. ConocoPhillips said its subsidiary Lane Energy Poland has invested around $220 million in Poland since 2009. It drilled seven wells over its three Western Baltic concessions. "Unfortunately, commercial volumes of natural gas were not encountered," Tim Wallace, ConocoPhillips country manager in Poland, was quoted as saing in a statement. ConocoPhillips was the last major oil company looking for shale gas in Poland, after Chevron withdrawal at the start of this year. (Reporting by Agnieszka Barteczko; Editing by William Hardy)

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Chevron to Abandon Shale Natural Gas Venture in Poland

LONDON — Chevron said on Friday that it would abandon efforts to find and produce natural gas from shale rock in Poland, in perhaps the biggest setback yet to fledgling efforts to start a European shale oil and gas industry that might help replace the region’s dwindling fuel resources. Shale development in the United States has been one of the reasons the American energy industry has experienced a renaissance in recent years — so much so that it has contributed to the global glut now depressing oil prices. But Europe, heavily reliant on imported fuel, has had trouble getting started with shale, for geological, environmental and political reasons. Chevron announced it was abandoning the Poland project the same day the company reported that its earnings for the fourth quarter of 2014 fell nearly 30 percent compared with a year earlier, to $3.5 billion. The company blamed lower oil prices […]

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Polish shale still on international radar

BNK Petroleum, based in California, said it was looking for partners to help exploit potential shale natural gas reserves in Poland. (UPI Photo/Heinz Ruckemann) CAMARILLO, Calif., Dec. 31 (UPI) — Reservoir analysis of a natural gas well in Poland was encouraging enough to start looking for potential work partners, shale player BNK Petroleum said. BNK Petroleum, which has headquarters in California, said Wednesday it was reviewing data from a reservoir model analysis for a Polish shale natural gas well dubbed Gapowo B-1H. "The company believes that the encouraging modeling results, strong natural gas prices in Europe, and the company’s large Polish acreage position will be attractive to joint venture partners with the capacity to advance this project," it said in a statement. New drilling technologies like horizontal drilling and hydraulic fracturing, dubbed fracking, are used in shale deposits to access oil and gas reserves previously out of reach. Those […]

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