The Chairman of the Board of Wintershall: even by the end of the decade we won’t have large-scale extraction of shale gas
Edited by Rhod Mackenzie / 2013-04-30 10:18:40
“The structure of the world power energy changes due to shale gas”, the Chairman of the Board of Wintershall Rainer Seele says. “The gas market had turned upside down. Shale gas increases the volume of reserves, changes the pricing structure and becomes the engine of the market competition. As development of shale deposits is large, gas in the USA has become almost 70% cheaper than in Europe. Shale gas provides the USA with daily profit of $500 million and reduces emissions of CO2 by 13%. Industrial production in the USA is only 7% more expensive than in China and 15% cheaper than in Germany”.
