Put your foot on the accelerator

Speeding up natural gas exploration in Poland would be a good thing given the situation with Russia concerning Ukraine and the possibility of consequences regarding sanctions and  trade embargoes.  The halt of Russia importing food products from Poland would put a large dent in Poland's economy as would Russia cutting off or jacking up prices for energy.

While Poland is predicted to be a storehouse of shale gas and shale oil,  French petroleum company Total SA  acknowledged that the potential Polish gas reserves are cost prohibitive for them. The investigation process is still in its early stages, and the Polish gas reservoirs are more taxing than the industry expected. The industry may need to invest much time before one starts the exploration process. Deep research is needed at the current juncture to accumulate and analyze huge amounts of data. ConocoPhillips and Chevron are collecting this data and checking on the economic feasibility as Total has decided to call it a day as far as Poland is concerned.