Gazprom snubs profitability of Canadian shale gas

Monday, 08 January 2018

Economically speaking, the North American shale industry had yet to turn a profit, Gazprom claims which added to the debt burden of shale producers. “Canada’s shale-gas sector continues to develop at a very slow rate due to limited possibilities for monetizing gas and the availability of other, cheaper gas resources,” the Russian gas exporter stated.


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