Fracking ban halts first shale gas project in Spain

A ban on fracking in a northern region of Spain has crimped Repsol SA's plans to begin drilling for shale gas in the north of Spain. Repsol had planned to begin seismic studies, with a view to drilling, in July, but the Cantabrian fracking ban, which prevents all hydraulic fracturing activities within the region’s borders, has put a hold on plans.

Sergio Perez/Reuters/File
The logo of Spanish oil company Repsol is seen at a gas station in Madrid.

Repsol SA has had to delay plans to begin drilling for shale gas in the north of Spain after a local government banned all hydraulic fracturing operations.

Spain’s richest shale gas reserves have been determined to exist in the northern region of Cantabria, but back in April the local Cantabrian government  implemented the country’s first fracking ban, worried that such activities may pollute the local sources of drinking water. (Related article: Duke University Study Links Fracking to Ground Water Contamination)

Repsol had planned to begin seismic studies, with a view to drilling, in July, but the Cantabrian fracking ban, which prevents all hydraulic fracturing activities within the region’s borders, has put a hold on plans. In truth, it is not fully understood how the ban will affect Repsol, whose Luena project covers 290 square miles, and stretches from Cantabria down to Castille & Leon. Normally when a project extends across two regions or more it is regulated by the national Industry Ministry, not local governments. 

The Spanish fossil fuel trade group, Aciep, has made claims that Spain boasts enough prospective natural gas resources to meet the country’s domestic demand for more than 70 years. (Related article: Frackers Under Scrutiny for Buying Silence)

Excited by the potential to cut dependence on imports and possibly lower energy prices, the Spanish government has worked to reduce barriers to energy for any international oil and gas companies trying to develop shale gas in the country, such as BNK Petroleum Inc. and San Leon Energy Plc..

Repsol was awarded its license for the Luena project in 2011, granting it permission to perform operations for six years, as long as they invest at least €30 million in exploration activities. In February Repsol announced that they will explore the resource potential of the project through shallow and deep test wells.

Original article: http://oilprice.com/Latest-Energy-News/World-News/Repsol-must-Delay-Spains-First-Ever-Shale-Project-after-Fracking-Ban.html

You've read  of  free articles. Subscribe to continue.

Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.