Following its departure from Poland, U.S. giant Chevron announced on Friday that it is abandoning its shale concessions in Romania.
Last year Chevron terminated shale-gas agreements in Lithuania and Ukraine, although the company still keeps an office in Kiev.
“That leaves Romania, where we are in the process of relinquishing our concession interests,” a Chevron spokesman said.
Chevron did not give reasons for its decision to cease exploration in Romania. It might have something to do with the statement made by Romanian Prime Minister Victor Ponta in November last year. At the time the PM announced that despite initial estimates by the Energy Information Agency (EIA), which put the country’s technically recoverable shale gas resources at 51 trillion cubic feet (Tcf), Romania has no shale gas to speak of.
Shale gas never gained acceptance among the Romanian people, with anti-fracking protests staged in North-East Romania and at the Chevron exploration sites in the villages of Urdes and Pungesti in Vaslui county.
Article continues below this message
Have your opinion heard with Shale Gas International
We accept interesting, well-written opinion and analysis articles of up to 1,500 words, that offer unique insights into the shale industry. The articles cannot be overtly promotional in nature and need to fit into at least one of our content categories.
If accepted, the article must be exclusive to Shale Gas International website and cannot appear on any other websites, publications, etc. Each article may contain up to three links to external websites relevant to the content discussed in the piece.
If you would like to contribute to Shale Gas International website, please contact us at: editor[at]mw-ep.com