Itera International Group of Companies: Shale Gas Development Has Long-Term Ramifications

JACKSONVILLE, FL, November 05, 2012

In recent months, the international energy community has been all abuzz about the continued developments in shale gas production--and not without reason, according to a recent article from Energy Global. The article notes that shale gas represents the most important development to impact the global gas community in recent memory, and that it stands to influence global energy production for "the foreseeable future." The article has won a comment from Itera International Group of Companies, a corporation that is zealous for the continued development of shale gas production technology, but also concerned about ecological ramifications.

The Energy Global article offers a brief evaluation of what shale gas is and why it is important, noting that shale gas is an unconventional natural gas that is extracted from shale formations. According to the article, shale gas is extracted by the use of horizontal drilling and hydraulic fracturing, also known as "fracking." In recent years, these technologies have grown both increasingly precise and also less expensive, which is what has resulted in the global shale boom.

Energy Global reports that this drilling technology is currently being used primarily in the United States and in Australia, but that it will soon be developed and implemented all over the world, potentially bringing far-ranging and long-term effects. This finding has won a comment from Itera International Group of Companies, which has responded with a new statement to the press.

"Though it has been said that natural gas is a 'bridge fuel,' reports like this one make it clear that shale gas can have a very substantive, long-term effect on the future of global energy production," says the statement from Itera International Group of Companies. "We are optimistic about the possibilities that shale gas might afford, but also cautious. The ecological effects of hydraulic fracking can prove severe, and, as this article makes plain, these effects will be both permanent and pervasive."

Energy Global confirms that there remain many technological obstacles that could complicate the worldwide implementation of fracking technology; however, due to the sheer volume of shale gas that exists around the globe, shale gas development is likely to have ongoing, unfolding effects on global energy policy.

ABOUT:

]Itera International Group of Companies is a vertically integrated corporation founded in 1992, with dozens of enterprises in the NIS, Baltic States, Western Europe, Asia, and the United States.Since 1994, Itera's main business activity has been natural gas. Starting in 1998, Itera Oil and Gas Company, within the Itera International Group of Companies, has been expanding its own gas production in the Yamal-Nenets region of Russia and has invested over two billion dollars into infrastructure. Overall, over 250 billion cubic meters of gas were produced at Itera's gas fields. The total volume of gas sold by Itera has surpassed 600 billion cubic meters. Itera's strategic business developments are also reaching into development, biochemical, and power generating segments.

The American division of the company, Itera USA, was founded in 1992. In addition to their work in the energy industry, Itera USA has also found success in timber, real estate, and more. Itera always welcomes new ideas, and strives to build bridges between peoples and cultures through the implementation of quality energy solutions.

Website: http://itera.com