New direct link between Russia and Germany is the first of two twin lines that could eventually supply Western Europe with 55 billion cubic metres of gas per year.
Total began searching for a new joint venture partner to take a share of a shale gas exploration permit in France. The zone covered by the French permit obtained in March 2010, could contain up to 2,380 billion cubic meters of gas, this amount estimated by multiplying the average gas level in the area by the surface area.
Washingtonpost reports that Oil prices continued to slide on lingering concerns about economic stability in Europe.
The comparatively high population density of Europe could mean that shale production will run into local opposition because of the way drilling might disrupt communities, and the way that prohibitions could target the pollution associated with drilling processes.
By Duncan Sutherland – Exclusive to Gas Investing News
Market news
The high US$6 – mid US$7 NYMEX future price seems to be relatively stable given the incredible volatility of other commodities and market indices.
Though this stability is preventing gas investors from riding the same emotional rollercoaster that most other investors have boarded, it has had a [...]
Monday, November 14, 2011