THE ECONOMIC CONSEQUENCES OF SHALE GAS DEVELOPMENT IN CENTRAL AND EASTERN EUROPE IN REGIONAL CONTEXT

Mãdãlina Potcovaru ()
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Mãdãlina Potcovaru: Bucharest University of Economic Studies

Proceedings of Administration and Public Management International Conference, 2013, vol. 9, issue 1, 298-304

Abstract: Shale gas is considered a very important subject for European Union global gas markets. Shale gas has become a common discussion topic in the industry as nobody wants to miss the opportunities that are related to the exploitation of gas from these resources. Therefore, policymakers in many countries with shale gas resources are seeking to replicate the success of shale gas in the US. Shale gas offers the hope of cheaper gas prices, and hence a way to prevent energy-intensive industry. It promises to weaken Russia’s ability to impose high, oil-indexed prices for its gas in many European markets, especially in Central and Eastern Europe, where countries have little or no other source of supply. And, for these price-related reasons, the shale gas will have an important contribution in gaze industry from Central and Eastern Europe. In short, its proponents argue that shale gas would allow Europeans to become masters of their own destiny.

Keywords: shale gas resources; economic development; renewable energy; policymakers (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:rom:compca:v:9:y:2013:i:1:p:298-304

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