Japanese trading houses to continue shale investments in North America

05/13/2014 | Reuters

Japanese trading houses are looking to sustain their shale investments in North American oil and natural gas fields despite experiencing writedowns in the industry. "Trading houses have been trying to ride the 'shale revolution' through a wide variety of types of investment, so it is hard to see them looking to exit the area anytime soon," said Akio Shibata, president of the Natural Resource Research Institute. They are also hoping to benefit from the industrial production surge and improved economy that are expected to come with the shale boom in the U.S.

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