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Poland Says Shale Reserves May Be 85% Below U.S. Estimate

Poland’s recoverable shale gas reserves are probably as much as 768 billion cubic meters, or 85 percent less than a U.S. Energy Department estimate from last year, according to the Polish Geological Institute.

The deposits are enough to cover as many as 65 years of demand and are equal to as much as 200 years of the country’s production, Deputy Environment Minister Piotr Wozniak said today in Warsaw at a presentation of the institute’s data. “These estimates would make Poland Europe’s third-largest holder of gas reserves,” he said.