Dow Jones: Russia Sees Shale Gas as Eventual Risk to Gazprom's Revenue

Russia's economy ministry sees "serious" risks posed by shale gas to the revenue of Gazprom beginning in 2014, as higher supply from the nontraditional hydrocarbons may hurt prices and demand for Russia's pipeline gas.

"Gazprom had undervalued the importance of shale gas, but is starting to look at it seriously," Deputy Economy Minister Andrei Klepach said Tuesday as he presented a weaker outlook for the country in 2012 and beyond.  MORE