Bloomberg: Lithuania Shale-Gas Tender Draws Interest From U.S.

Lithuania’s tender for shale-gas exploration rights has drawn expressions of interest by more than 10 companies from the U.S., Canada and elsewhere, Baltic News Service reported citing the Lithuanian Geological Service.

Bids are due Jan. 14 for licenses to explore for hydrocarbons at two fields with total area of about 2,000 square kilometers, the newswire said today.

A study last year showed the Baltic nation’s territory may have more than 100 billion cubic meters of shale gas, BNS said.  MORE

Related Reading: Chevron Seeking Shale in Lithuania