Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Lower Saxony thought to have huge untapped natural gas reserves

Share this article

Lower Saxony thought to have huge untapped natural gas reserves
Lower Saxony is already the centre of German natural gas production. Photo: DPA
08:39 CEST+02:00
US energy giant ExxonMobil wants to invest millions in the exploration of what it believes to be huge natural gas reserves lying untapped underneath the German state of Lower Saxony.

Christian Wulff, the state's premier, announced the deal late on Thursday after a meeting with officials from the company in Houston.

Lower Saxony has nearly 90 percent of Germany's conventional natural gas deposits, but they are expected to be used up in the next 20 to 30 years.

The exploration will focus on gas trapped in nonporous stone, which is considerably more difficult to develop. ExxonMobil will spend at least €100 million to fund drilling through next summer to determine how feasible that would be.

If successful, officials in Lower Saxony hope to make the state's capital Hannover a leading European centre for developing such types of gas reserves.

Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

This small Mediterranean capital is the perfect winter city break

Valletta, Malta's small but mighty capital, still feels like one of the Med's undiscovered gems. But it won't stay that way for long. The Local's commercial editor, Sophie Miskiw, explored 2018's Capital of Culture and can't wait to go back.