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MTA: Hungarian shale gas reserves may stay underground

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Although unconventional natural gas reserves are six times larger than conventional gas reserves, geological circumstances would make their exploitation costly and would require the use of cutting edge technology, a scientist says. 

“The practice could be implemented in Hungary as well, but research is expensive. Based on what we know today, shale gas exploitation is an opportunity of the future only,” Hungarian Academy of Sciences (MTA) member József Pápai told the academyʼs website, mta.hu. MTA’s findings are in line with the opinions of EASAC (European Academies Science Advisory Council), which affirm that shale gas is not a panacea for energy concerns in Europe.

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