With global crude oil prices reaching peak levels the push into alternative energy and renewables has never been so prevalent.
Within the US, the significant increase in Shale gas E&P activity over the past few years has significantly altered the landscape of the natural gas industry, and opened a number of various energy avenues.
Those avenues used to be notoriously tricky, however the advancement in horizontal drilling and better technologies mean shale gas is a more attractive proposition, and now provides a good hunting ground for US energy companies keen to explore and utilise these new commodities, with an eye on foreign exportation.
Contrary to this, Alexander Medvedev, Head of Exports at Russian Gas giant, Gazprom, said he thought it $quot;unimaginable$quot; that shale gas would be allowed to be developed. He said Gazprom believes the US Environmental Protection Agency will raise concerns about its potential contamination of drinking water in a forthcoming report.
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