Platts: For a Europe that hasn’t embraced shale gas, other options are multiplying

European shale gas: who needs it?

Europe, it is true, has made no real progress with shale gas so far. But its security of gas supply has seldom looked healthier following a series of major discoveries. The timing of that is perfect as the continent moves toward liberalized markets.

This is extremely good luck for consumers and the European Commission, which is railroading through the gas and power market opening rules.

Fears of a gas shortage would only hinder attempts at opening up markets. They would play into the hands of any remaining unreconstructed incumbents who could continue to impose premium prices for an allegedly premium fuel.   MORE