Gazprom’s Board of Directors took notice of the results of a survey on the shale gas sector development throughout the globe, the company said in a statement.
It was mentioned that the core structural units of Gazprom Group continued investigating the progress with shale gas production, Gazprom said.
However, the participants of the meeting agreed that at the moment shale gas production in Russia would be inexpedient due to the abundance of conventional gas reserves with their recovery cost being considerably lower than the estimated cost of shale gas production, as well as due to the considerable environmental risks, the company added.
[mappress] LNG World News Staff, October 31, 2012