Shale gas: the European Parliament advises caution

Energy , Europe , Shale gas Nov 24, 2012 No Comments

Shale gas - EuropeThe European Parliament voted last Wednesday two resolutions calling on the EU countries to exercise restraint on the development of shale gas. It calls for “strong regulatory regimes” regarding hydraulic fracturing, the biggest point of contention regarding the exploitation of shale gasEuropean countries are advised to be “cautious” when granting new licenses.

This is important, considering that shale gas exploitation has drastically driven US gas prices down and has started to impact other industries. The resolutions adopted in Strasbourg are not binding, and the decision to operate or not unconventional reserves remain under the sovereignty of European Member States. France banned hydraulic fracturing, while Bulgaria and the Czech Republic have declared a moratorium. Poland, meanwhile, will take advantage of its large shale gas reserves to reduce its dependence from natural gas imports from Moscow.

The European Parliament rejected however an amendment proposing states to prohibit hydraulic fracturing.

This follows 3 studies published in September by the European Commission which concluded that Europe would not reach energy self-sufficiency.

Pascal Blanc

Pascal has implemented numerous software solutions in the areas of procurement, sourcing, spend management, supplier evaluation and performance. His clients include Fortune 500 companies in Europe, Asia and North America. He is a co-founder of Source & Procure.

Leave a Reply

Your email address will not be published. Required fields are marked *