Exxon to Invest Millions in German Gas Exploration -Report

Summary:

U.S. energy giant Exxon said it planned to invest hundreds of millions of euros in Germany to tap what are estimated to be vast quantities of natural gas reserves, in an interview to be published Monday.

Exxon to Invest Millions in German Gas Exploration -Report

abarrelfull 25 Jan 2011 07:00

U.S. energy giant Exxon said it planned to invest hundreds of millions of euros in Germany to tap what are estimated to be vast quantities of natural gas reserves, in an interview to be published Monday.

The chairman of Exxon Mobil Central Europe, Gernot Kalkoffen, told German business daily Handelsblatt that the company believed the state of North Rhine-Westphalia had huge amounts of gas to drill.

See report here