Shale gas revolution overblown

Europe’s shale gas was always chiefly a bargaining chip for price negotiations with Russian and other imports, and remains so after Poland found it was no longer an energy behemoth — with reserves about one 10th of previous estimates.

Hopes of a shale gas revolution in the EU were overblown.

While shale gas became a game-changer to the US, flooding the domestic market, in Europe it will supply a useful diversification.