Lithuania's tender commission backs Chevron's shale exploration

09/16/2013 | Bloomberg Businessweek

A tender commission in Lithuania recommended government approval of Chevron's license application for shale-hydrocarbon exploration and production rights in the Silute-Taurage region, saying "legally no other decision is possible." The endorsement came as the Lithuanian government decided to tighten environmental regulations on the use of shale-gas and shale-oil technologies. "Chevron hopes that its work helping Lithuania find and utilize hydrocarbon resources will facilitate the country's goal of energy security," Chevron Exploration & Production Lietuva said in a statement.

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