Gazprom’s Medvedev compares shale to dotcom bubble

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Gazprom's Alexander Medvedev told reporters at a New York investor day yesterday that the North American shale gas boom will have a positive effect on the global gas market, but compared the "shale bubble" to the US dotcom bubble of 1995 to 2000.

“There is a comparison with the internet bubble," said Medvedev, who is deputy chairman of the Russian oil & gas producer. "Some companies remained [after the bubble burst] and developed successful businesses. But with the economics at this point

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