European shale gas: can it replicate US success?
Shale gas has changed the dynamics of the US markets, but will exploration and production companies be able to replicate the same success in Europe? Lianna Brinded investigates how geological uncertainties and legal issues stand in the way
Shale gas has transformed the US gas markets over the past few years and altered global gas market dynamics. With unconventional gas, which includes shale gas and natural gas liquids, accounting for around two-thirds of US gas production growth in 2008, this source of energy is predicted to rise by 71% between 2007 and 2030. Unconventional gas production is predicted to increase from 42% of total US gas production in 2007 to 64% in 2020, says consulting firm ICF. Shale gas now accounts for up to
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