Europe’s Shale Boom Lies in Sahara

Bloomberg: Europe’s answer to the US shale boom may lie beneath the Sahara desert.
While environmental regulation and disappointing drilling tests have held back the development of shale gas reserves in Europe, Algeria is using tax breaks to encourage exploration. Pipelines under the Mediterranean to Spain and Italy already link Africa’s largest gas exporter into Europe’s grid...
Algeria holds 231 trillion cubic feet of recoverable shale gas, the International Energy Agency estimated, enough to supply the entire European Union for a decade and valued at about $2.6 trillion at current month-ahead U.K. prices...