Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-780-000"
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"en.20110308.32.2-780-000"2
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"Gas extracted using non-traditional technologies may play a special part in the EU’s energy market in the future. The reason for this is that the exploitation of alternative gas sources in the EU would significantly mitigate Europe’s increasing gas imports and the gas supply exposure of Central and Eastern European countries. Additionally, a consideration we must not ignore is the fact that the spreading of new gas sources within the EU could contribute to the reduction of greenhouse gas emissions in a cost-effective manner. In the United States, the new technology has already revolutionised the gas market over the past few years. As a result of the use of alternative gas sources, which currently constitute more than half of the US production, gas prices have dropped significantly and the country no longer has to rely on import sources. In Europe, the world’s largest gas market, the exploitation of alternative gas sources is still in its infancy. Despite the success in the US, the results of the European pilot investments launched so far fell short of expectations. In addition to different geological conditions, investors are also faced with higher regulatory and environmental risks in Europe. In order to translate the American success to the EU, it would be important for Europe to have an appropriate strategy for alternative gas sources. A comprehensive assessment at European level would be required in order to clearly identify the opportunities lying in alternative gas sources, as well as the related risks. This, because Europe cannot afford the luxury of renouncing the option of alternative gas production that could be exploited within the EU in an age where the traditional gas sources of the North Sea are being depleted."@en1
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