Other parts of the world look upon the U.S. shale boom with envy, and Europe's answer may lie...

|By:, SA News Editor

Other parts of the world look upon the U.S. shale boom with envy, and Europe's answer may lie beneath the Sahara desert. Algeria, with 231T cubic ft. of recoverable shale gas, is using tax breaks to attract the likes of Exxon Mobil (XOM) to develop its potentially vast reserves. Pipelines under the Mediterranean to Spain and Italy already link Africa’s largest gas exporter into Europe’s grid.