Shale gas – cheap energy for Germany now too?

The dramatic increase in the production of shale gas has led to a decline in prices for natural gas in the USA. Low-price natural gas is currently giving American industry a significant locational advantage compared to the competition from Europe, where natural gas prices are twice to three times as high. Germany too has significant shale gas reserves and the domestic industry is hoping for developments similar to those in the USA. Will German shale gas really spark a boom or is it all just hot air?

Dipl.-Volksw. Dipl.-Geoinf. Harald Hecking,

Institute of Energy Economics at the University of...

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