The shale deposits in Poland do not offer enough opportunities for their economic exploitation.



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The shale deposits in Poland do not give enough opportunities for their economic exploitation – evaluates the Ministry of Finance in the bill.

The government has drafted a bill to change the taxation date for natural gas and crude oil production from January 1, 2019 to January 1, 2020. At the same time, the special tax on hydrocarbons tax has been repealed.

The basis for the imposition of a special tax on hydrocarbons was to be the profit derived from the production of hydrocarbons. Tax collection was to start in 2020.

"At the present time, shale deposits on Polish territory do not provide sufficient opportunities for their economic exploitation, so the legislator has subsequently assumed that the special tax on hydrocarbons would have to provide to the state budget an appropriate share of profits from shale gas extraction "- – it was written.

According to the Ministry of the Environment, according to the Ministry of Environment, as of April 30, 2017, 20 shale gas exploration licenses were in force in Poland. This means that compared to the status as of July 1, 2013, that is, the assessed status for the impact assessment of the Hydrocarbon Tax Act, when 108 licenses had been issued in Poland, the number of concessions in force had decreased by 81%.

"There is also a noticeable decrease in the dynamics of exploration and evaluation work behind shale gas," he wrote.

Source of information: PAP

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