Chevron sees shale green light in Romania

Go ahead: Chevron gains zoning permits for shale gas exploration

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Bill Lehane ,

News Wires

 04 February 2013 15:55 GMT

Romania has reversed gears on its shale gas moratorium and issued Chevron with zoning certificates to resume searching for shale gas in the eastern European state, according to reports from Agence France Presse.

The move marks a change of heart for Romania’s ruling centre-left coalition, in power since May, which had slammed the centre-right government's original decision to grant shale licences to Chevron and other explorers and slapped a moratorium on shale drilling.

Late last year as the initial moratorium expired, Prime Minister Ponta said shale gas should be approached in a "serious, positive way", adding he was in favour of exploration.

Chevron told the wire service that it "continues to work with the Romanian government to permit and execute activities within concession areas... in…

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