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OMV Underlines Necessity of Shale Gas Production

Published: November 20, 2012; 13:15 · (Vindobona)

The Austrian oil and gas group stresses that shale gas may reduce the dependency on Russian natural gas.

OMV Underlines Necessity of Shale Gas Production / Picture: © Flickr / World Economic Forum

Although Austrian citizens clearly reject fracking in Austria, OMV still promotes this controversial energy production method. Last year, enormous shale gas resources were discovered in Northern Austria. After heavy protests, OMV gave up its fracking plans. The profitability of the shale gas production in Austria would have been doubtful anyway.

Nevertheless, OMV´s CEO Gerhard…

This article includes a total of 240 words.

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