Unconventional gas: The risks and rewards

Oil and gas extraction in the United States (photo:dpa)
Oil and gas extraction in the United States (photo:dpa)

The potential of unconventional gas, in particular shale gas, could provide many countries around the world with a source of energy which is not only cheaper than imports but would provide greater security in supply. In the first of a six-part series, we look at the rising share of unconventional gas in the global market, how it is being developed and some of the challenges it poses.

NATURAL gas is the world’s third largest source of primary energy. Demand for gas globally is set to rise by 50 per cent between 2010 and 2035, according to the International Energy Agency (IEA) in its <i>Golden Age of Gas</i> report.

The agency expects this demand to grow at an a...

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