US Shale Not a Threat to Stable EMEA Oil and Gas Outlook

13 Dec 2012 10:18 AM
US Shale Not a Threat to Stable EMEA Oil and Gas Outlook

Link to Fitch Ratings' Report: 2013 Outlook: EMEA Oil and Gas

Fitch Ratings-London-13 December 2012: Cheap US shale gas is not a material threat to the EMEA oil and gas sector in 2013, Fitch Ratings says. A lack of US export infrastructure, a political desire for the US to be self-sufficient in gas, and the prevalence of long-term oil-based gas supply contracts in Europe all suggest at worst modest downward pressure on European prices in the short to medium term.