Fitch: Even with lower estimate shale gas could still be a game changer in Poland

Even with the new lower estimate Poland´s shale gas reserve could still  be a game changer, according to Fitch:

The PGI shale gas reserve estimate, made in conjunction with the US Geological
Survey, is still substantial. The shale gas reserves would be sufficient to
cover Poland's gas consumption for 25-55 years, in addition to 10 years coverage
by conventional gas reserves. Substantial shale gas production could lower
Poland's dependence on gas imports (currently covering about 70% of gas demand),
most of which comes from Russia. It would also shape Poland's future power
generation mix as the country aims to diversify from the dominance of coal in
power generation by investing in renewables, nuclear energy and gas-fired power
plants.

Read the entire article here

These are still early days for shale gas exploration in Poland, and in Europe in general. It is quite possible that there will be an adjustment upwards of the Polish reserve later on. So there is no reason for either Gazprom or the greenies to celebrate.