Polish Shale Gas Search to Get $515 Million From State Firms
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Polskie Gornictwo Naftowe i Gazownictwo SA, Poland’s dominant gas distributor, and four other state-controlled companies joined forces to explore for shale gas in central Europe’s biggest nation.
PGNiG, utilities PGE SA, Tauron Polska Energia SA and Enea SA as well as copper producer KGHM Polska Miedz SA signed a cooperation deal to spend 1.72 billion zloty ($515 million) by 2016 to search for the gas locked in shale rock formations.