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Repsol Delays First Shale-Gas Project in Spain After Frack Ban

Repsol SA, Spain’s largest oil producer, delayed starting to explore for shale gas in the north, where a local government has outlawed drilling projects that use water-intensive hydraulic fracturing.

The company had targeted July to begin seismic studies at its Luena project that extends over 290 square miles across the Cantabria region, where energy trade groups say Spain’s richest shale gas deposits lie. Repsol’s first domestic shale search can’t begin yet because several “requirements” haven’t been met, according to a company official who requested anonymity, as no announcement has been made. He declined to give specifics.