Related Articles
Forward article link
Share PDF with colleagues

European governments hesitant to allow fracking

Despite their struggling economies, some European governments are hesitant about shale gas development

France, one of Europe’s struggling major economies, has huge potential for shale gas but a ban on hydraulic fracturing (fracking) has killed any short-term development of a sector that could generate inward investment and employment.  The US Energy Information Administration (EIA) says two main formations in the Paris basin – the Lias Shale and the Permian-Carboniferous Shale – hold 690 trillion cubic feet (cf) of shale gas. Around 129 trillion cf is considered technically recoverable. This dwarfs the country’s 200 billion cf of proved conventional gas reserves. The basin is also thought to hold 118bn barrels of shale oil (4.7bn recoverable). France banned fracking in 2011 following protes

Also in this section
Venezuela going for broke
16 January 2018
The Maduro government wants a new deal on its debt. Things are going to get messy
Iraqi Kurdistan sinking fast
11 January 2018
The future of the KRI's oil sector is uncertain, with the federal government determined to bring all the country's production and exports back under its wing
Iraqi Kurdistan's wrong turn
11 January 2018
Burdened by political and economic crises at home, the autonomous region faces difficult talks with a newly confident federal government in Baghdad