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Roiss Claims European „Fracking“ Strategy

People ♦ Published: April 18, 2012; 16:13 ♦ (Vindobona)

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OMV´s CEO Gerhard Roiss calls for a common strategy to exploit shale gas. The European industrial sector should become more competitive.

Roiss Claims European „Fracking“ Strategy / Picture: © Flickr / World Economic Forum

In the U.S., the gas price fell considerably since shale gas is exploited. As a result, the U.S. industrial sector is able to produce cheaper, Roiss says. “The impact of shale gas on the economy is big.” Also China has made more progress in its shale gas strategy than Europe, Roiss considers.

At the moment, eleven European countries place licenses to exploit shale gas.…