Energy: Europe’s Shale Gas ‘Revolution’: Why Russia Is Shrugging Its Shoulders

Poland last year unveiled designs not only to cast of its irksome energy dependence on Russia, but also to become a European energy exporter by making a drive for shale gas production starting in 2014.

The European power is hoping to repeat the United States’ shale gas revolution after Poland published surveys that estimated it is sitting on colossal untapped gas deposits lodged in shale rock. Such reserves may extend throughout Europe. But Russian gas majors are coolly unperturbed by the grand vision to upset the status quo in Russia’s most lucrative market – and analysts in Moscow are skeptical too.

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