Bloomberg News

Greece to Explore Use of Potential Shale Natural Gas Deposits

November 09, 2011

Nov. 9 (Bloomberg) -- Greece asked the country’s Institute of Geology and Mineral Exploitation to prepare a study on exploiting possible shale gas supplies.

Deputy Environment, Energy and Climate Change Minister Yiannis Maniatis asked the Institute to prepare within two to three months a preliminary geological study on the opportunities and prospects in Greece of natural gas deposits in shale rock, the Athens-based Ministry said today in an e-mailed statement.

“The study we’ve asked the IGME to prepare will be integrated into the overall national strategic plan for the use of all gas deposits in the country from both conventional and unconventional sources,” Maniatis said, according to the statement.

--Editors: Tim Farrand, Lukanyo Mnyanda

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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