Ukraine Crisis Spurs Fracking-Friendly Measure in Poland

October 22, 2020 0 By PENTICTONLAWYERS

As the crisis in Ukraine continues to put a spotlight on Russia’s stranglehold over European gas supplies, Poland has offered a frack-friendly proposal of making shale gas extraction tax-free in the country.

“We adopted measures that should encourage shale gas exploration,” Polish Prime Minister Donald Tusk said Tuesday.

According to the new measures, fracking will be tax-free until 2020, and after that point taxes “shouldn’t exceed 40 percent of extraction income,” Tusk said.

The first commercial shale well in the country is expected this year, and as many as 30 fracking wells could be drilled this year.