Connect with us

Another Europe News

Shale gas: miracle or pipe dream? – utalk

Published

2 years ago

on



Question: “Is shale gas an economic windfall or just an empty promise? Could a shale gas boom…

euronews, the most watched news channel in Europe
Subscribe for your daily dose of international news, curated and explained:http://eurone.ws/10ZCK4a
Euronews is available in 13 other languages: http://eurone.ws/17moBCU

http://www.euronews.com/2013/11/08/shale-gas-miracle-or-pipe-dream
Question: “Is shale gas an economic windfall or just an empty promise? Could a shale gas boom revolutionise the European gas market like it’s done in the US?”

Answer: Thomas Porcher, economist, energy expert specialising in the commodities market, and author of “Le Mirage du Gaz de Schiste” (The Shale Gas Mirage) replies:

“To find out whether or not Europe could replicate the American experience, firstly you have to understand that there will never be an energy revolution unless gas prices drop.

“In the United States, gas prices have dropped by a third. That has allowed American industries to be more competitive. Lower energy prices have also contributed to economic growth job creation.

“But there is no evidence that European gas prices will drop as much as they have in the US.

“Firstly, the European gas market is different from the American one. Our market is a lot less flexible, the prices are indexed on oil prices and the contracts are long term.

“Secondly, our extracting costs would be far more expensive than the US because we don’t have the infrastructure and European environmental legislation is a lot stricter than in America.

“A recent Bloomberg survey shows that in the UK, the extracting cost would be between 8 and 12 dollars with gas prices at 10 dollars in Europe. So, it’s highly probable that gas prices will not drop in Europe.

“The problem in the debate on shale gas in Europe is that we want to go too fast. We thought we could replicate the American experience, but the European population density and landscape are totally different than in the US.

“So I think we should wait until primary studies on economic impacts have been completed, because if shale gas brings no economic benefits and just negative effects on local communities, as far as I’m concerned the debate is over.”

Find us on:
Youtube http://bit.ly/zr3upY
Facebook http://www.facebook.com/euronews.fans
Twitter http://twitter.com/euronews

source

Related Topics:
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Another Europe News

Von der Leyen’s trip to Kyiv concludes with an EU-Ukraine drone deal

Published

11 minutes ago

on

July 17, 2026

By



Ursula von der Leyen’s trip to Kyiv concludes with an EU-Ukraine drone deal, the first of its kind.

The European Commission president also spoke about accession and hinted at what might be next, as Jorge Liboreiro reports for #EuropeToday.

source

Continue Reading

Another Europe News

Latest news bulletin | July 15th, 2026 – Morning

Published

2 hours ago

on

July 17, 2026

By



Latest news bulletin | July 15th, 2026 – Morning

Catch up with the most important stories from around Europe and beyond this July 15th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

READ MORE : http://www.euronews.com/2026/07/15/latest-news-bulletin-july-15th-2026-morning

Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live

Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Green: http://bit.ly/2sMsaDB
Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1
Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1

Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels

#TopNewsStoriesToday

source

Continue Reading

Another Europe News

National sovereignty equals ‘sending gifts to US and China’, former Italian PM Letta tells Euronews

Published

4 hours ago

on

July 17, 2026

By



National sovereignty equals ‘sending gifts to US and China’, former Italian PM Letta tells Euronews

The former Italian prime minister tells Euronews that, to be able to compete with Washington and Beijing, the EU must keep a united front, adding that “the true battle is for European sovereignty”.

READ MORE : http://www.euronews.com/2026/07/14/national-sovereignty-equals-sending-gifts-to-us-and-china-former-italian-pm-letta-tells-eu

Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live

Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Green: http://bit.ly/2sMsaDB
Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1
Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1

Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels

#12MinutesWith

source

Continue Reading

Another Europe News

Latest news bulletin | July 5th, 2026 – Morning

Published

5 hours ago

on

July 17, 2026

By



Latest news bulletin | July 5th, 2026 – Morning

Catch up with the most important stories from around Europe and beyond this July 5th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

READ MORE : http://www.euronews.com/2026/07/05/latest-news-bulletin-july-5th-2026-morning

Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live

Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Green: http://bit.ly/2sMsaDB
Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1
Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1

Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels

#TopNewsStoriesToday

source

Continue Reading

Another Europe News

“It’s freedom”: Border residents react to end of Gibraltar-Spain checks

Published

6 hours ago

on

July 17, 2026

By



“It’s freedom”: Border residents react to end of Gibraltar-Spain checks

Routine border checks between Spain and Gibraltar have ended, allowing thousands of daily commuters to cross more easily. While many welcome shorter journeys and greater freedom, others remain cautious about the long-term impact.

READ MORE : http://www.euronews.com/2026/07/16/its-freedom-border-residents-react-to-end-of-gibraltar-spain-checks

Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live

Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Green: http://bit.ly/2sMsaDB
Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1
Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1

Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels

source

Continue Reading

Trending

On this website we use first or third-party tools that store small files (cookie) on your device. Cookies are normally used to allow the site to run properly (technical cookies), to generate navigation usage reports (statistics cookies) and to suitable advertise our services/products (profiling cookies). We can directly use technical cookies, but you have the right to choose whether or not to enable statistical and profiling cookies. Enabling these cookies, you help us to offer you a better experience.