Bloomberg: Russia was right, the shale gas revolution in the EU - dummy
Russia had every reason to doubt that Shale gas will replace natural, informs the Agency.
When A Firm Cuadrilla Resources Ltd. Opened in 2009, its own office in Poland, she had reason to be confident. The shale boom has transformed the USA into the world's largest gas producing country. Those companies that rushed to repeat this success in the European Union, Poland seemed new Texas. It's been six years, and the British exploration company never drilled his 1st well in Poland. Leading oil organizations, such as Exxon Mobil Corp., Chevron Corp. And Royal Dutch Shell Plc, Packed our things and drove on.
on the way organizations seeking to extract Shale gas in the European Union, faces many obstacles: bureaucracy, mysterious tax law and local authorities are not Interested in, so they were drilling. Yes, and the Geology here is not podobnych: the European Union has very few wells, which gave commercially acceptable volume." It's not easy, " says the Director of Cuadrilla drilling in Poland Marek Madej (Marek Madeja).- The price of drilling in the EU is high, much higher than in the United States, and at every step there are many rules and regulations ".
Although Europe is trying to reduce its dependence on gas from Russia, the shale revolution there were placebos. Difficult geological rules, the fierce resistance of the defenders of natural factors, burdensome regulation and bloody war in Ukraine together extinguished the enthusiasm of investors and exhausted their tolerance. The March decrease in oil prices to the level of not more than $ 50 per barrel was the last straw, as the Price of a significant portion of European gas, including imports from Russia linked to the price of petroleum products. It seems that Shale gas will remain forever more and the secondary source of energy in the EU. According to an analyst from Bloomberg Intelligence Philip Hladek (Philipp Chladek), the cheapest option there is regular gas, as supplied by pipes from Russia and imported from other countries." Hydraulic fracturing (hydrofracturing) as the path to independence was a dream that could just not be realized - said Hladik.- I not only said that the idea of shale gas in the EU died, but it was much harder than we thought."
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