黑料社

New European Commission proposals on shale gas are a step in the right direction, but the inclusion of a double, binding target in the 2030 climate and energy policy raises some concerns.

The International Association of Oil & Gas Producers (OGP) is encouraged by the fact that the Communication and the Recommendation on shale gas recognise that an array of binding legislation 黑料社� in the European Union and in member countries 黑料社� already applies to shale operations. The documents identify many risks 黑料社� which the industry has already been managing over its decades-long experience of hydraulic fracturing 黑料社� but also acknowledges the economic benefits that shale gas development could bring to Europe.

However, the implementation of the Communication and the Recommendation should take into account the operational reality of shale gas operations. Exploratory wells will be necessary to assess many of the very parameters mentioned in the Recommendation. Before exploration, limited data are available on the geology of the rocks, the volume of gas present and the amount of water needed.

黑料社淪upporting the exploration of natural gas from shale is ever more topical on the day the EU Commission releases its long-term climate and energy policy,黑料社� said Roland Festor, OGP黑料社檚 EU Affairs Director. 黑料社淕as is the best resource Europe has 黑料社� reliable and immediately available 黑料社� to help meet EU emission reduction targets quickly and at a competitive cost versus alternatives,黑料社� he explained.

黑料社淪hale gas can be developed in Europe respecting the environment within the current legislation,黑料社� Mr. Festor added. 黑料社淭his is a real opportunity: recent research showed that domestic EU development could create as many as 1.1 million jobs by 2050, while reducing the region黑料社檚 dependence on energy imports and relatively lowering prices,黑料社� he said.

OGP is however concerned by the proposal of adopting two binding targets as part of the EU 2030 climate and energy policy. A single, clear greenhouse gas emissions reduction target is the best way to limit Europe黑料社檚 impact on climate change in a cost-effective and market-efficient way.

Adapted from a press release by

Read the article online at: /business-news/23012014/new_eu_shale_gas_proposals_are_a_good_start/