Two shale gas bills before Parliament
May 5, 2014
Sejm, lower house will work Wednesday on the new laws regulating the issues of gas exploration, concessions and state’s interest, and introduce a new uniform tax for the oil and gas extraction sector, PAP Polish news agency reported.
In March the government drafted two bills, which are meant to simplify the administrative procedures to do with the exploration and production processes,and help foster a large-scale shale gas extraction.
According to the proposed changes geophysical surveys will no longer require special concessions and will only have to be previously registered.
The new tax law introduces an “oil and gas rent” which is a sum of two taxes, an extraction tax at a 1,5% rate for non-conventional deposits including shale gas deposits, and another tax at a 0-25% rate depending on the income-expenditure relation.
Earlier this year, deputy Minister of Environment Sławomir Brodziński said the government hopes to see 2014 as a breakthrough year for the shale gas sector. The industry representatives are satisfied with the changes introduced in the drafted bills, the official added.