Russia's Gazprom Skeptical Of US-Led Shale Gas Boom
From Platts
Russia’s state-owned natural gas company says the US shale-gas boom is economically unsustainable — and it’s buttressing its claim with financial data collected by an American consulting firm located less than 20 miles from the White House.
Moscow-based Gazprom, the world’s largest gas company, has been working with Pace Global Energy Services, a consulting firm in Fairfax, Virginia, to analyze how much money US gas companies are spending on hydraulic fracturing and horizontal drilling.
