Bloomberg reported that Chevron has received a boost on Lithuanian shale-gas exploration plans with support the country’s President, despite opposition from residents and other government officials.

As quoted in the market report:

Lithuania needs to find out to how far its shale-gas reserves can go as an alternative to Russian natural gas, spokeswoman Daiva Ulbinaite quoted the president as saying today after a meeting with Jay Johnson, Chevron’s head of Eurasia, Europe and Middle East exploration and production, in the capital, Vilnius.

To view the full Bloomberg report, click here.