14 March 2013 17:13 [Source: ICIS news]
LONDON (ICIS)--Europe needs to treat the exploitation of shale gas and tight oil with some sensitivity but should not block its development, a senior Shell executive said on Thursday.
Shell supports shale gas development, executive vice president for chemicals, Graham van’t Hoff said, adding that North America is seeing a massive industrial resurgence based on the development of new hydrocarbon resources.
“For Europe to completely ignore that is highly unwise,” van't Hoff said. Unconventional (shale) gas or tight oil need to be treated sensitively, he added. But, “putting complete blocks on it really does not make sense”.
Some governments in the EU have supported fracking for shale gas and oil but other countries are strongly opposed to the controversial oil and gas extraction technique.
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