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U.S. Shale Gas Producers to Invest in Projects With Price at $5

February 4, 2010

Feb. 4 (Bloomberg) – U.S. producers will continue investing in shale gas developments at prices of $5 per million British thermal units, Fatih Birol, the chief economist at the International Energy Agency, said in an interview at a Troika Dialog conference in Moscow today.

Producers earn a 10 percent return at such that price, Birol said. Shale gas may account for 60 percent of U.S. output by 2020, he said.

 

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