Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: We do not include shale gas production within our Polish gas production outlook to 2025. The
slow pace of exploration is unlikely to pick up in the coming years, tempering the development of belowground
understanding and optimised drilling and hydraulic fracturing processes required for Poland's
challenging geology. Conventional gas exploration and developments will slowly boost gas production over
our forecast period.
Latest Updates And Key Forecasts
- We have downgraded Poland's long-term gas production outlook, removing any contribution in growth
from shale gas. Exploration for unconventional gas in Poland has come to a near standstill and is unlikely
to pick up within the next few years.
- Highlighting the continued morose exploration scene, PGNiG announced in May 2016 it will end
exploration for shale gas if a 'last chance' well does not yield promising results in June. This would be a
death blow to shale exploration efforts in Poland (at least for the coming years) given PGNiG is the last
large company still exploring for shale gas in Poland.