Shell CEO Says Current U.S. Gas Prices Too Low For Shale Investment
Monday, 30 January 2012 15:24

Investment in shale gas won't be sustained if US natural gas benchmarks stay at their currently depressed levels, Shell chief executive Peter Voser said.

"The current prices of gas are obviously are not a price which long-term will drive development in shale gas... so current prices are not attractive from an investment point of view," Voser told Dow Jones in an interview that also touched on his outlook for 2012 oil demand.

Source: Hydrocarbon Processing

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