Our View

The European chemical industry considers that shale gas is an opportunity for Europe and could boost Europe’s competitiveness provided it is made in a safe and responsible manner. European policymakers should explore this opportunity.

The shale gas revolution in the United States has an impact on the European chemical and manufacturing industry and gives a significant competitive advantage to the American industry. Regions that do not have access to shale gas are suffering from a competitive disadvantage. Shale gas could also provide a competitive source of feedstock for the chemical industry.

Natural gas (including shale gas) can also help Europe meet its greenhouse gas emission reduction targets in a cost-effective manner and shale gas can improve Europe’s energy security, and play a role as a backup energy to compensate for renewables’ intermittency.