Gazprom to Continue Shale Gas Market Investigation
The Gazprom Board of Directors took notice of the results of a survey on the shale gas sector development throughout the globe.
It was mentioned that the core structural units of Gazprom Group continued investigating the progress with shale gas production.
The meeting participants affirmed that at the moment shale gas production in Russia would be inexpedient due to the abundance of conventional gas reserves with their recovery cost being considerably lower than the estimated cost of shale gas production. In addition, it was pointed out that shale gas production was related to considerable environmental risks.
Meanwhile, active media coverage of the said issue resulted in the popularization of natural gas in the world, which is a favorable factor for Gazprom being a reliable supplier of this fuel.
The Management Committee was tasked to continue the investigation of the shale gas sector development throughout the globe and to report the results to the Board of Directors in the fourth quarter of 2014.
