Gas market forces pushing Europe back toward Russia

An energy-cost squeeze might coax Europe back toward the supplier of natural gas from which it has been trying to turn away. If Europeans want industry, investment, and employment, argues Paolo Scaroni, chief executive officer of Eni, they must choose between two options. They can embrace hydraulic fracturing and allow assessment and development of shale resources, he told an audience at the Johns Hopkins University School of Advanced International Studies on Nov. 4. But densely populated Europe, he pointed out, understandably resists the "invasive activity." The alternative? "Embrace Russia," Scaroni said. That's difficult, too. European governments have craved non-Ru...

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