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MOSCOW, April 25 (Itar-Tass) – Russian President Vladimir Putin has said at this point he has no idea whether Gazprom has overlooked the so-called shale gas revolution.
“At this point I have no answer to the question whether Gazprom has overlooked the shale gas revolution,” Putin said in response to a question from the journalist Mikhail Leontiev.
“Firstly, costs in Russia are far higher. Secondly, we have enough “gas bubbles” to go ahead with traditional production. Thirdly, shale gas production involves enormous nature conservation costs. Let me point out that this technology needs very serious research,” Putin said.
“Russia has vast prospects. I do not believe that we have overlooked something, but we should certainly stay on guard,” he added.