European shale boom put on hold as Russian gas prices drop

European shale: The fall in the price of Russian gas – expected to follow the ongoing collapse of oil prices in the first quarter of 2015 – will make it economically impossible for shale oil producers to compete in the short term, according to a report in the Financial Times. Experts are now suggesting that it could be another six years before shale gas from Poland, which has the largest shale reserves in the EU, becomes a commercially viable alternative to conventionally extracted natural gas. Gazeta