Poland’s Minister of the Environment Maciej Grabowski said the country will draft a new law to regulate shale gas exploration and production. The law would be sent to the government for approval before the end of 2013, he said, according to Reuters.
“I can speak about the intention for now, the details will have to wait,” said Grabowski, according to Platts. “The target is for the bill to go to the government by the end of the year. Then its adoption will depend on parliament. We want the law facilitating investment in shale to be passed as soon as possible to reduce the risk for potential investors.”
Grabowski was just recently appointed energy minister and formerly served as deputy finance minister, a post during which he drafted a bill to introduce new taxes on oil and gas production, Platts reported. That bill has not been approved yet by Poland’s government, which has been arguing over new regulations for the shale gas industry for years.
Oil and gas companies, both those in Poland and abroad, have said the country’s existing regulation surrounding the industry do not entice them to invest in projects, Platts reported. One issue is the lack of clarity surrounding the government’s legal entitlement to convert exploration licenses to production licenses.