GAZPROM: SHALE GAS IN EUROPE
Shale gas production in Europe could be possible in Europe not earlier than in 2016-2018, Gazprom said in a quarterly report released on Wednesday.
"Commercial shale gas production in Europe can begin not earlier than in 2016-2018 even with positive geological surveys. But production volumes will not bring about major changes in the European gas market due to a decline in conventional gas production," the report said.
Great Britain pins great hopes on its Bowland Basin, but geological prospecting for shale gas there has so far failed to produce positive results and has been complicated by public protests and closeness to major cities such as Liverpool, Leeds and Manchester.
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