- Shale gas could be valuable in providing much-needed gas to complement renewables in Europe’s low carbon strategy. However, while strict regulation can minimise the risks of pollution, extracting shale gas would be an intensive industrial operation in a continent that is mostly densely populated.
- Without financial support, shale gas is unlikely to be cheap enough to squeeze coal out in power generation, as it has done in the US.
- Shale gas production might make a difference to the energy security of individual EU member states, but it is unlikely to do so for the region as a whole. At best, it will slow the increase in Europe’s dependence on imported gas. It will not, therefore, be the game-changer in terms of energy security that it has been in the US.
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