Lithuania Considers Revising Shale-Gas Laws After Chevron Quits
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Lithuania should revise laws on shale-gas works that led Chevron Corp. to abandon its bid for exploration rights, Prime Minister Algirdas Butkevicius said.
New environmental approval procedures and plans to raise taxes on shale hydrocarbons were behind the U.S. energy company’s decision yesterday to withdraw its lone bid in a tender for exploration rights, Butkevicius said today.