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Romania gears up for more shale gas exploration, minister says

Energy Trade

Romania will soon launch tenders to expand shale gas exploration after US-based Chevron took the lead this month as the government seeks to reduce dependence on costly imports, the energy minister said. “The mineral resources agency will launch tenders for shale exploration in the near term”, Reuters quoted Constantin Nita as saying in an energy seminar on Thursday. The US Energy Information Administration estimates that Romania and its neighbors Bulgaria and Hungary could between them have 538 billion cubic meters of gas, which would be enough to cover Romania’s consumption for almost 40 years. But Nita added his government “is seeking to find ways to reassess the energy mix in Romania”. Romania is not under so much pressure as its neighbors to find more gas, because it already has considerable conventional gas reserves and imports only about a quarter of the gas it uses.

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