FT: Chevron bets on the ‘Goldilocks’ of gas

Will America’s shale gas revolution ever spread to Europe? According to Chevron, it already has. The company has been quietly buying up huge swaths of land across eastern Europe, an area it believes could be the next great frontier for shale gas exploration.

“It’s like Goldilocks,” says Ian MacDonald, vice-president of Chevron Europe, Eurasia and Middle East. “The shale has to be at the right depth, have the right organic content and be in the right geological window. That’s what we believe we’ve identified in eastern Europe.”  MORE