Shale Gas and Europe
The International Energy Administration has estimated that Europe could hold trillions of recoverable cubic metres of shale gas across several member states. It is as yet uncertain exactly where reserves are located, how large they are or whether they are commercially viable.
There are currently no commercial drilling operations however the European Commission has stated that commercial drilling could commence in 2015. In the meantime, speculative drilling is essential in order to ascertain Europe’s potential reserves. Exploration is currently taking place in the UK, Poland, Germany, Romania, Denmark and Hungary.
The European Union has deferred the decision to explore shale gas to each member state, which means national governments retain the right to decide if and where they want to explore for shale gas. In this section of the website we look at shale gas activity in a selection of EU countries