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2015-06-04 18:30:00

NO SHALE REVOLUTION

NO SHALE REVOLUTION

There will be no US-style shale gas revolution in Europe, the president of the International Gas Union (IGU) has told.

"You cannot duplicate [the US experience] in Europe," said Jerome Ferrier. "Politicians are hesitating to accept shale development."

Abundant shale gas in the US has helped domestic energy prices fall.

As a result some European governments, not least the UK, are keen to develop their own shale resources.

Mr Ferrier's comments come a day after a number of major energy…

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Tags: SHALE, GAS, EUROPE, PRICE
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