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    Dow Jones: Shell CEO - Current US Gas Prices Won't Drive Shale Investment

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Major producers of shale gas like Shell believe that global demand for natural gas will continue to rise as developed and developing economies increasingly switch from coal and oil.

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Dow Jones: Shell CEO - Current US Gas Prices Won't Drive Shale Investment

Investment in shale gas won't be sustained if U.S. natural gas benchmarks stay at their currently depressed levels, Shell Chief Executive Peter Voser said Friday.

"The current prices of gas are obviously are not a price which long-term will drive development in shale gas. ..so current prices are not attractive from an investment point of view," Voser told Dow Jones in an interview that also touched on his outlook for 2012 oil demand.  MORE

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