Sputnik: Germany Unlikely to Be Gas Self-Sufficient if Fracking Ban Lifted – Fitch

Germany produces only 10 percent of the gas it consumes. The country has to import gas from Russia, the Netherlands and Norway to meet its total demand.

Since 2010, when Germany imposed a moratorium on the use of fracking (hydraulic fracturing) in shale gas extraction, German gas companies have been lobbying for the ban to be lifted.

“Lifting a ban on fracking in Germany is unlikely to have any significant impact on the country's domestic gas production in the foreseeable future. Obstacles abound, including opposition to drilling and uncertainty about the levels of reserves,” Fitch Ratings concluded in an analysis posted on its website on Tuesday.

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