FOCUS: UNCONVENTIONAL OIL & GAS — Europe, Africa, Asia governments assess shale development policies

Governments that implement overly stringent policies for the development of natural gas resources, including shale gas and coal-seam methane, could hinder economic growth and risk seeing their economies go "backwards," ExxonMobil Corp. Chief Executive Rex Tillerson warned recently. Speaking June 5 to the World Gas Conference in Kuala Lumpur, Malaysia, Tillerson stopped short of addressing his remarks toward any specific country. He said industry and governments can study and learn from the successes and shortcomings of the North American shale experience. "Governments must be prudent so as not to stifle development or the investments in innovation that improve safety and pe...

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