SHELL PREDICTS RISING GAS IMPORTS FOR EUROPE

Europe will need to develop more long haul gas imports to meet growing demand for the fuel during the next 20 years. Roland Williams, managing director of Shell International Gas Ltd., said the money required to satisfy Europe's growing appetite for gas during the period could top $170 billion in real terms. He reminded the Sixth European Gas Conference in Oslo, Norway, that developing remote gas reserves is not only expensive it also is a very slow process.

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