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Germany's fracking moratorium could damage energy industry

The chairman of company Wintershall spoke at a conference to warn of the actions

Germany's hydraulic fracturing (fracking) moratorium could damage the country’s industrial base – and place its energy security in jeopardy, Rainer Seele, the chairman of oil and gas company Wintershall claimed. At the company’s annual conference, held in Kassel, Seele that Germany’s reluctance to embrace shale gas because of environmental fears over fracking was causing domestic gas production to plummet. “Why are we so naive to have these (shale gas) riches and not even look at them? Conventional production will continue to decline. Look at England for example,” Seele said. “It (shale) could make a potential contribution to security of supply in our country (Germany). We must look at it.

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