Poland May Drop State-Run Shale Gas Exploration Fund Plan
This article is for subscribers only.
Poland may drop a plan to create a state-run fund to participate in shale gas exploration ventures to alleviate objections from investors and speed drilling that may cost $4.5 billion.
The proposed fund, called NOKE, is not indispensable, Environment Minister Maciej Grabowski said yesterday in an interview in Warsaw. The planned fund would become a shareholder in domestic shale gas licenses to be sold under new regulations.