Poland’s environment ministry has changed its proposal on hydrocarbon law which is concerns of companies exploring for shale gas.
The ministry has selected to push ahead with its plans to create NOKE, a state-controlled company that will take up to a 5% equity stake in each allowance. The new law requires that NOKE will proportionally share in the costs and profits of the licenses. The Finance Ministry is also preparing a separate law in respect of a tax on oil and gas production. The proposed new tax will not however commence until 2020, rather than 2015 as previously indicated.
