This is mostly a page six story which won't get talked about much in Germany.
A Canadian energy developer....Vermilion, has approached the state folks in Lower Saxony with this idea of drilling for natural gas.
So here's the hype....they think they've developed new methods, which have nothing to do with fracking, and that the natural gas prices have reached the point where their methods would pay off.
What is generally believed (at least nationally in Germany) is that the natural gas production era is over, and that ONLY by fracking could it continue. Fracking....for the sake of this discussion....is forbidden.
So Vermilion wants Lower Saxony to put the problem back into focus.
How the natural gas would be drawn, if not fracked? It's not fully understood or laid out yet. Politically, it's a hot topic that the Greens want to avoid.
My humble view is that they've got a non-fracking method in mind, and it'd only make sense when the pricing level has reached X-amount. Presently, we are way above spring 2022 pricing for natural gas, since the cut-off of the Russian pipes.
The only way for any stabilization to occur presently with the pricing....is if Germany produced it's own requirements. If it is truly non-fracked....it should at least be openly discussed.
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