| Report | Unconventional gas | 21 June 2010 |
Europe not ready for unconventional gas, yet
by Rik Komduur
The stunning development of ‘unconventional gas’ in the United States, has led that country to replace Russia as the world’s largest gas producer last year. Can this happen in Europe as well? Theoretically, yes: the reserves are there. For the moment, however, there are factors that are putting a brake on the development of unconventional gas in Europe: the relatively high population density, a lack of know-how and an experienced service industry, possibly higher exploration and production costs and uncertainties in the regulatory and policy environment. As a result, experts expect only a marginal growth of unconventional gas in Europe in the coming decade. However, after 2020, Europe may come to experience its own unconventional gas revolution.
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