EUROPES SHALE GAS REVOLUTION BRINGS GOOD NEWS TO ITS POWER SECTOR

Nicholas Newman http://oxfordprospect.co.uk/Freelance-Journalist.html

Europe’s shale gas revolution is good news for European power station operators, it changes the dynamics of the energy mix, and it provides a new domestic and reliable supply of fuel that is not vulnerable to the whims of Kremlin power politics and Gazprom market manipulations. So it is not surprising Poland’s power sector is eager for the country’s shale gas reserves to be developed as quickly as possible so it does not have to renew its pipeline gas contracts with Gazprom.

The development of shale gas increases price competition within Europe’s energy markets, meaning more competitive fuel prices that should further speed up Europe’s power sector’s ‘dash for gas’.  In addition, it helps aid the power sector in meeting Europe’s 20/20/20 ambitions, though it could affect continent’s dash for renewables.

However, before the shale gas revolution can be realised there are problems that have to be overcome; fortunately, the European Union and its member states are developing a common set of policies, regulations and laws to facilitate a Shale Gas revolution. For Europe’s power sector customers it should bring greater electricity price stability by reducing many of the market distortions that effect the price of gas in Europe. http://www.oxfordprospect.co.uk/Energy-Features.html