Chevron Quits Lithuania Shale Gas Exploration Tender. U.S. energy - TopicsExpress



          

Chevron Quits Lithuania Shale Gas Exploration Tender. U.S. energy major Chevron, has pulled out after winning a tender to explore for shale gas in Lithuania, blaming changes to laws which have made it less attractive. Chevron was the only bidder to explore for unconventional hydrocarbons in the 1,800 square km Silute-Taurage prospect. The government picked it as a winner a month ago. Lithuania called the shale gas exploration tender hoping to become less reliant on gas from its former Soviet master, Russia. The U.S. company said in a statement it blamed regulatory and legislative changes that came in after it placed the bid for exploration rights.
Posted on: Wed, 09 Oct 2013 17:52:59 +0000

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