MSN: Poland to adopt bill making shale gas push investor friendly-minister

Poland will adopt a bill by the end of June aimed at making its shale gas sector more friendly to wary investors, Polish officials said on Tuesday - reflecting the sector's need for foreign capital and expertise.

The new laws would make it easier for companies to explore and extract unconventional gas, Poland's Environment Minister Marcin Korolec told an energy conference.

The new regime would lighten the many bureaucratic obstacles to exploration, including environmental limitations, and create a state operator to take part in energy consortia.

"I expect the shale gas draft bill to be adopted by the end of June and Parliament should do the same by the end of the year," he told the conference.

Analysts have long said Poland needs to adopt laws that will give the stability and predictability foreign investors need as they compete with local state-controlled firms.  MORE