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Europe awaits a shale-gas revolution
Unconventional gas discoveries have transformed the North American gas sector. Could the same happen in Europe? Derek Brower reports
AS EUROPEAN gas-consumption growth stalls, a revolution in its domestic upstream could bring hundreds of trillions of cubic feet (cf) of new supply into the picture, transforming the continent's energy sector – and relations with its neighbours. For proponents of shale gas in Europe, the US experience is the blueprint. Advances in drilling techniques have opened huge US reserves of unconventional gas that now mean the country is virtually self-reliant in terms of its gas-supply needs. One authority on US gas reserves, the Colorado School of Mines' Potential Gas Committee, says that thanks to the development of shale-gas, coal-bed methane (CBM) and tight-gas reserves, the US now has more than 2,000 trillion cf of gas available. By comparison, Russia's reserves of conventional gas, ...Click here to continue reading Europe awaits a shale-gas revolution
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