“Energy
experts expressed their doubts about the development of the fracking
industry in Europe. The technology is too expensive for the EU and
the resistance within the population is too strong, DWN wrote. The US
was hoping to promote its fracking technology in European countries,
including Ukraine, but the current results show that this idea is far
from reality, DWN reported.”
“The
fracking industry, which many countries pinned their hopes on, is
becoming more and more unpopular and shale gas production in the EU
is very expensive. Difficult geological conditions, complex
regulations and the war in eastern Ukraine have made the initial
enthusiasm of fracking investors significantly decrease, the
newspaper wrote.”
“An
additional constraint on the fracking industry is public resistance.
People are anxious about the environmental pollution as well as a
possible increase in earthquakes.”
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“'There will be no fracking for
economic purposes in Germany in the near future,' German
Environment Minister Barbara Hendricks announced at a press
conference on Friday. Under her proposal, developed jointly with
fellow Social Democrat and Economics Minister Sigmar Gabriel, most
forms of hydraulic fracking—the process of extracting gas by
injecting water and sand mixed with a small amount of chemical
additives into rocks deep underground—will be prohibited until
2021.”
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