UPI: GDF Suez: Shale answer to Europe's woes

Opening up to shale oil and natural gas in Europe could ensure long-term energy security for the region, an executive at French energy company GDF Suez said.

New drilling technologies for shale have led to major increases in U.S. oil and natural gas production. GDF Chief Executive Officer Gerard Mestrallet told delegates at the World Energy Congress in South Korea the shale "revolution" has changed the landscape of energy markets.

The United States is relying less on foreign imports though demand centers are shifting to expanding Asian economies. Europe, meanwhile, is looking for ways to break Russia's grip on the regional energy sector.  MORE