Gas what! Świnoujście could become mini Dubai following discovery of massive gas supplies

Central European Petroleum has found evidence of one of Europe’s largest undiscovered gas and oil deposits lying buried between Świnoujście and Międzyzdroje. Marcin Bielecki/PAP

The north-western port of Świnoujście could become a mini Dubai after an energy exploration company discovered that a 30-years’ supply of natural gas and oil could lie beneath the waters surrounding the town.

After spending some EUR 7 million on exploration, Central European Petroleum (CEP), a Canadian firm, has found evidence that one of Europe’s largest undiscovered gas and oil deposits lie buried in the Bay Pomerania, situated between Świnoujście and Międzyzdroje, and around the island of Wolin.

The company says any exploitable find could bring in PLN 1.5 billion in tax revenue to Świnoujście over 30 years.Marcin Bielecki/PAP

At the moment the company has only the preliminary findings indicating that the field might be big enough to provide energy supplies for up to three decades.

During a council meeting last week CEP also emphasised any energy extraction could create scores of new jobs in the area and well as provide a boost to the local economy by bringing in investment.

The coast line near Świnoujście is a tourist hot-spot with thousands flocking to its beaches each summer.Marcin Bielecki/PAP

It added that “during drilling significant sums of money will be spent in local hotels and restaurants, and that 30-40 people will be required to operate the rig.”

In total, CEP said, any exploitable find could bring in PLN 1.5 billion in tax revenue to Świnoujście over 30 years.

However, there are fears that oil and gas extraction in the area could pose a threat to the natural environment and tourism.

There are fears that oil and gas extraction in the area could pose a threat to the natural environment.Jan Morek/PAP

The coast line near Świnoujście is a tourist hot-spot with thousands flocking to its beaches each summer.

Wolin, meanwhile, is famed for a national park that stands on its doorsteps and for the Szczeczin Lagoon, a large expanse of fresh water that is popular tourist destination, and there are concerns that sights of gas wells will drive tourists away.