clothcap (clothcap) wrote,

Europe Catches Shale Fever CCNet 9 May

CCNet – 9 May 2011

The Climate Policy Network

Europe Catches Shale Fever

A spectre is haunting Europe — the shale gas revolution that promises to shake up green energy and climate policies. --Benny Peiser, Public Service Europe, 9 May 2011

Poland said the development of shale gas across the EU should obtain the status of "a common European project," adding that it intends to promote the development of unconventional gas during its upcoming EU presidency. --EurActiv, 9 May 2011

In light of its accelerated nuclear phase-out, the German government is now focusing on shale gas as a bridging technology on the road towards renewables. All over the country additional gas power plants will be built, according to the latest government plans. The prospect of sustained low prices and decreasing dependency on gas producers is encouraging this new energy strategy. --Nicolai Fichtner, Financial Times Deutschland, 6 May 2011

Unconventional gas resources in Europe have the potential to reshape the continent’s supply, reducing its dependency on Russia and the Middle East, says a report out on Friday. If only a fraction of the potential unconventional gas resource becomes available for European and other energy markets before 2020, it will offer the EU another domestic source, enabling greater diversification of gas demand and imports, as well as improving energy security for decades. --Sylvia Pfeiffer, Financial Times, 6 May 2011

On the geo-economic and geo-political side, unconventional gas has the potential to change the industry structure far greater then is commonly understood, and this calls for a new mindset within both industry, conventional gas suppliers, demand centers and those involved in the wider public policy arena. Shale gas has already changed the European market; even before a single well has been drilled, or a single molecule of unconventional gas has been produced from the European basins. --European Centre for Energy and Resource Security, 6 May 2011

The past 100 days have been a dramatic time for energy markets, as a nuclear accident in Japan followed revolt across the Middle East, with oil prices fluctuating sharply in the aftermath. Despite the sense of crisis, however, neither Fukushima nor conflict in Libya is likely to disrupt long-term patterns in global energy supplies. But there is one new development – the rising importance of shale gas – that just might.--Nick Butler, Financial Times, 9 May 2011

1) Europe Told Of Potential Shale Gas Bonanza -Financial Times, 6 May 2011

2) Poland: Shale Gas A “Common European Project” -EurActiv, 9 May 2011

3) Nick Butler: How Shale Gas Will Transform The Markets - Financial Times, 9 May 2011

4) Benny Peiser: Shale Rush Or False Dawn? -Public Service Europe, 9 May 2011

5) French People Support Shale Oil If It Helps Lower Fuel Price -Energia News, 5 May 2011

6) New Report: Strategic Perspectives of Unconventional Gas: A Game Changer with implications for the EU´s Energy Security - European Centre for Energy and Resource Security, 6 May 2011

7) Panel Debate: Energy and Security - Is Decarbonisation Inevitable? -The Legatum Institute

8) Robert Matthews: The More Famous The Expert, The Worse His Predictions -The National, 8 May 2011

9) Terence Corcoran: Greens ‘Lost’ As Growth Prevails -Financial Post, 6 May 2011


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