|Czechs eye moratorium on shale gas exploration|
The Czech Environment Ministry is planning to put up to a two-year moratorium on granting licences for shale gas exploration until new legislation is put in place, the ministry said.
During the moratorium, the ministry would look at preparing geological and mining legislation that is clear for potential exploration companies.
"Existing Czech legislation is not prepared for such technically complicated research like there is in the case of shale gas," the ministry said on its website.
The ministry cancelled a provisional shale gas exploration licence for Australian-based BasGas in April, saying a government commission made legal and procedural errors during the application process.
The company's owner, Hutton Energy, told Reuters it may consider pulling out of the Czech Republic due to an uncertain regulatory landscape.
Once again what's being banned here are not plans for wide spread shale gas production but
exploration to find out if there is anything there worth exploiting.