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Russia won't develop shale gas for a decade

Conventional gas is much cheaper to produce, meaning the country will not explore its unconventional reserves for some time

Russia will not focus on developing shale gas within the next decade because its vast conventional reserves are much cheaper to produce, Gazprom said. Elena Burmistrova, Gazprom's deputy director general of oil and gas products, said Russia's conventional gas resources rendered developing shale gas uneconomical. “We do have (shale gas) resources but we don't consider shale gas to be more attractive than conventional gas right now,” Burmistrova said. “In (North) America there has been a huge boom and shale gas appears to be the industry driver right now but according to our economic calculations we're not going to develop shale gas in Russia within the next five to 10 years.” Russia's shale

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