RT: Russia eyes shale gas development

Russia could join the global shale revolution as the country’s Ministry of Energy is reportedly going to provide the government with a plan for shale gas development in the country.

Though Russia doesn’t feel the need for shale resources, it should master the technology that made the US shale gas revolution possible, the Ministry of Energy stressed. Shale gas could be used as an energy source for the remote Russian regions that aren’t connected to main gas pipelines, it said.

According to the plan, Russia’s state-owned energy majors Rosneft and Gazprom should start shale gas production at test sites after sufficient exploration of the country’s resources.

The ministry was due to present its plan to PM Dmitry Medvedev at the meeting on Thursday, but the meeting didn’t take place, Finmarket news agency reported, citing Minister of Natural Resources Sergey Donskoy.  MORE