Russia Rattled by Rising Importance of Shale Gas
Whilst
it is exceedingly difficult to summon up much sympathy for either
Russia’s state-owned natural gas monopoly Gazprom or Russian
President-elect Vladimir Putin, the dynamic rise of natural gas produced
by hydraulic fracturing, or ‘fracking,” has raised alarm bells in the
highest reaches of the Kremlin. Why? Because Gazprom’s European
customers, tired of being ripped off by Gazprom, are avidly exploring
the possibilities of undertaking fracking to develop their own sources
of the “blue gold,” and nowhere…Read more...
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