Thursday, November 1, 2012

[Marine] Shale Gas, "All Rosy?"

Shale Gas, "All Rosy?"

A jump in production of natural gas from unconventional sources will support exports of liquefied natural gas on ships from Australia and the US, says the International Energy Agency.

Unconventional gas such as shale gas and coalbed methane will make up two-thirds of the growth in gas production to 2035, IEA forecast.

Australia and the US are to change global LNG shipping with new cargoes of unconventional gas for shipment from 2014 and 2015.

The shift is positive for LNG shipping, as vessels will be required to carry US and Australian gas to international markets.

The IEA, however, emphasized that along with overcoming environmental opposition, there needs to be a continuous drive from governments and industry to push unconventional gas up the political agenda.

Also, although unconventional gas from the US and Australia will boost LNG shipping, there are fears that if China extracts its shale gas at scale this could lead to fewer imports into the country on vessels, some analysts say. The same concern has been raised regarding the UK’s shale gas.

Published : November 1, 2012

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