Australia Trails US by a Decade in Shale Gas Development
With higher cost and lack of latest drilling technology, Australia lags behind the US by at least a decade when it comes to developing its shale gas resources, Bloomberg reported citing a report from UBS.
Australia has almost 400 trillion cubic feet of estimated shale gas that may be recoverable.
Advances in technology have unlocked massive resource potential in North America, while international oil companies need to redeploy vast cash flows, UBS said.
Natural Gas World welcomes all viewpoints. Should you wish to provide an alternative perspective on the above article, please contact firstname.lastname@example.org
Kindly note that for external submissions we only lightly edit content for grammar and do not edit externally contributed content.