DJ: Gazprom Eyes Development Of Shale Gas Technologies

Russia's state-controlled natural gas monopoly OAO Gazprom which for years has been dismissive of the future of shale gas, said Wednesday it sees as important further research and development of technologies for production of the non-traditional gas.

The company's statement said the board of directors considers "the non-traditional gas as source...for future generations," as its production cost is still higher than that of Russia's traditional natural gas.  MORE