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2015-05-15 18:30:00

EUROPE: NO SHALE

EUROPE: NO SHALE

When Cuadrilla Resources Ltd. opened an office in Poland in 2009, it had a reason to be optimistic: the shale boom was transforming the U.S. into the world's largest producer of natural gas. To the companies rushing to imitate that success in Europe, Poland looked like the next Texas, writes Bloomberg.

Six years later, the U.K. explorer has yet to drill its first Polish well -- and that's in the country that's most eager to allow hydraulic fracturing in Europe. The so-called super-majors like Exxon Mobil Corp., Chevron Corp. and Royal Dutch Shell Plc have packed up and moved on.

"It's not easy," said Marek Madeja,…

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Tags: EUROPE, RUSSIA, U.S., SHALE, GAS,
Chronicle:
EUROPE: NO SHALE
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