The surge in U.S. “unconventional” gas production is a “bubble”, and the country’s gas prices will rise sharply in the next few years, the export chief of Gazprom has said. Alexander Medvedev, deputy chief executive of Russia’s state-controlled gas company, likened the shale gas boom to the internet bubble, “which first blew up enormously and then flattened itself out to some rational and logical size”. – FT
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