Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-21-Speech-3-255-500"
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"en.20121121.20.3-255-500"2
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"In the communication from the Commission entitled ‘Energy roadmap 2050’ the Commission underlines that as conventional gas production declines, Europe will have to rely on significant gas imports in addition to domestic natural gas and potential indigenous shale gas, and that alongside internal market integration domestic shale gas will relax concerns about the EU’s import dependency. In recent years the extraction of ‘unconventional’ hydrocarbons, notably shale gas but also shale oil, has led to unprecedented and radical changes in global energy markets. In particular, shale gas has risen from 1.4 % of the US gas market in 2000 to some 17 % in 2011.
Global gas prices and trade patterns are being re-shaped, with evident consequences for the EU. Indeed, a number of Member States have permitted shale gas exploration and are preparing for extraction if discoveries allow. I believe that, within the energy system, shale gas and other unconventional gas sources may become potential important new sources of supply in Europe. At the same time it is important to monitor worldwide regulatory regimes and practices, and to recognise and address concerns about the environmental effects of shale gas and shale oil extraction."@en1
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