Reports about shale gas and shale oil
The U.S. shale revolution continues to alter gas markets
The shale revolution has transformed global gas markets and turned the United States into the world’s leading producer. Now a net LNG exporter, the U.S. has challenged established exporters and changed the old pricing order. Europe, which is increasingly reliant on gas imports, is turning to American exports to reduce its dependency on Russia. In Asia, China sees massive growth potential in natural gas.
Australia’s LNG woes herald changes in global market
Australia has become a global leader in liquefied natural gas (LNG) extraction, export and technology. But the fall in oil prices has brought gas prices down as well, while cost overruns have hurt the industry. How Australia’s LNG producers deal with these challenges could have ramifications for the sector around the globe.