Lithuania Tribune: EU Commissioner: Shale gas prices in Europe won’t reach US lows

Lithuania and other European countries will not be able to reach as low prices of shale gas as the United States, Connie Hedegaard, European Commissioner for Climate Action, has said while on a visit to Vilnius.

Gas extraction in Europe would not be as efficient as in the US due to geographical and geological reasons, she said in an interview to BNS.

“It’s what all experts would say – it is more difficult geologically in Europe, many more people living in different spots – so for these reasons – the experts say – we will not have prices as low as in United States,” the Commissioner said.

If a European Union Member State – Lithuania or any other country – wanted to produce shale gas, the Commission would not object yet each country should first assess environmental impact, Hedegaard said.  MORE