Shale gas: Risks, Rewards and Repurcussions

by Nicholas Newman

The arrival of shale gas in Europe raises both opportunities as well as issues for European governments and energy companies operating in the European Economic Area. For decision makers operating in both spheres, the potential arrival of shale gas raises many questions including whether its availability can help break the link between oil and gas prices; what might be the impact of shale gas on current indigenous energy sources; could plentiful cheap shale gas provide energy security for Europe and for how long, as well as what impact could it have on the level of gas imports from outside the European Economic area from LNG and pipeline sources. Moreover, the availability, competitiveness and popularity of shale gas will also depend to a large extent on the degree of environmental protection imposed by individual European countries and the EU together with the impact that shale gas could have on investment and research in renewables.


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