Chevron (CVX) plans to look for shale gas in Lithuania after buying a stake in a local oil...

|About: Chevron Corporation (CVX)|By:, SA News Editor

Chevron (CVX) plans to look for shale gas in Lithuania after buying a stake in a local oil company, the country's prime minister says as it seeks greater independence from its sole gas supplier Russia. Geological estimates show Lithuania could hold 480 bcm of shale gas reserves, with recoverable reserves at 120 bcm. CVX +0.7% premarket.