Tuesday, May 20, 2014

From "Bloomberg": "Europe Has 28-Year Shale Gas Rebuff to Russia: Chart of the Day"

"The European Union has enough gas trapped in shale to free the bloc from reliance on Russian energy supplies for about 28 years if only the constituent countries are prepared to extract it.

The CHART OF THE DAY ranks EU countries by recoverable shale-gas reserves expressed in years of domestic consumption, led by Sweden with 250 years, according to Bloomberg calculations using U.S. Energy Information Agency data of 10 European countries. Among them, France andBulgaria have outright bans on extraction, while the Netherlands and Germany are among states that have issued moratoriums."

To read the full article, click here.