An assessment of the potential for the development of the shale gas industry in countries outside of North America

Minh-Thong Le
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Minh-Thong Le: GAEL - Laboratoire d'Economie Appliquée de Grenoble - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - INRA - Institut National de la Recherche Agronomique - CNRS - Centre National de la Recherche Scientifique - UGA [2016-2019] - Université Grenoble Alpes [2016-2019]

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Abstract: The revolution of shale gas in the United States (the US) has become a phenomenon at the beginning of the21st century. It has been significantly influencing the United States' economy and the global gas market. Like America, other countries have also been searching for shale gas. However, the conditions for developing this resource are very different among regions and nations. On the other hand, there are also many doubts, debates and even strong oppositions to the development of shale gas because of the complicated issues that arise regarding its extraction, and also due to the fact that its impacts are not fully known.Therefore, at present, the development of shale gas is still a big question for regions, countries that have potential and desires to exploit such resources. Although it is difficult to identify all necessary or sufficient conditions to develop shale gas, the experiences of the United States could be instructive for other countries. In this article, the potential development of shale gas in China and Europe is analyzed, which relies on the fundamental conditions considered as important factors for the success of the shale gas industry in the US. Through these analyses and we demonstrate the difficulty of developing this resource outside North America.

Keywords: Shale; gas (search for similar items in EconPapers)
Date: 2018-02
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Citations: View citations in EconPapers (8)

Published in Heliyon, 2018, 4 (2), pp.e00516. ⟨10.1016/j.heliyon.2018.e00516⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01707908

DOI: 10.1016/j.heliyon.2018.e00516

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