Lithuania indens to launch shale gas exploration.Part two

Although the company Chevron was recognized the winner of the shale gas exploration , the company refuzed to paticipated in the shale gas exploration in Lithuania. The reasons for refuzal were not alone. In the half of the yaer was changed about 25 lows in governing this activity. The company has to invest about 80 milion lt in the procejct. The law changing will incrise investments and exploration will take longe time. Some Lithuanian MPs sudgested 40% tax for the shale gas and for the oil and gas 25%. Chevron said that charges will be dicriminatory. It is clearly big los for the Lithuania. It remains unclear how much that tip of gas we have. Even posibility to extract small amount of shale gas would make better bargaining position for Lithuania for talking with Gazprom. But this was lost. Theris no doubt that Russia tried to impect this proses. The press was flued with misleading information. Green organizations was used to focus public against Chevron. In this sence necesarelly t...