• Natural Gas News

    The Telegraph: Estonia becomes self-sufficient on shale boom

    old

Summary

Eesti Energia, which is is about to open the world’s biggest oil shale plant, hopes to leverage its primacy in oil shale technology and go global

by:

Posted in:

Oil Shales, Press Notes

The Telegraph: Estonia becomes self-sufficient on shale boom

“We are the most energy independent country in the European Union, and we will not compromise our energy security. We have a large neighbour,” said Juhan Parts, the economy minister.

It is the same story wherever you go across Eastern Europe: the fuel debate comes down to Vladimir Putin’s Russia, and Gazprom’s stranglehold on gas supplies. Global warming inevitably plays second fiddle. “Estonia is not rich enough to experiment with immature technologies,” said Mr Parts.

“Even if we had to invest in new power plants today, shale would still be cheapest. Russian gas costs 1.8 times as much; onshore wind 2 times as much; and offshore wind 2.5 times as much.”

MORE