Shale Shocked
Gazprom Rethinks Shale As European Gas Prices Sink
By Guest Column Dr. Benny Peiser—— Bio and Archives--September 21, 2012
Global Warming-Energy-Environment | Comments | Back To Full Article
Gazprom has admitted it might yet adjust its attitude towards shale gas, as Russian policy makers assess new dangers to the country’s petro-dollar economy. First, Russia’s Economic Ministry warned that the increasing supply of shale gas on world markets will start hurting Gazprom’s pipeline sales to Europe in 2014. And it seems Gazprom might now be weighing the pros and cons of jumping onto the shale gas bandwagon. Gazprom’s top managers have for years said that shale gas production would never threaten demand for Russian gas. Now, they’re not so sure. --Oil&Gas Eurasia, 20 September 2012
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