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Posts on ‘September 16th, 2012’

Shale-Gas Boom Hits Eastern Europe

By BENOÎT FAUCON

Central and Eastern Europe may be home to the next shale-gas bonanza.

Oil and gas investment is flooding into the region in amounts not seen since the fall of the Berlin Wall. Anglo-Dutch giant Royal Dutch Shell RDSB.LN +0.43% PLC, France’s Total SA TOT +1.53% and ConocoPhillips COP +0.97% of the U.S. have acquired exploration rights in Poland, where current estimated reserves equal 35 to 65 years of the country’s demand for natural gas, according to the Polish Geological Institute. read more

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