This publication examines the current state of shale gas development in selected countries around the world, including Australia, and highlights five key risks which could impact the future viability of shale gas production.
- Shale gas has become a viable energy source due to the use of hydraulic fracturing, or ‘fracking’ technology, to extract it.
- Shale gas will be a larger component of the energy mix in the future, but its significance will depend on the environmental protection versus economic growth trade-off.
- Australia has significant shale gas reserves, but they are often located in remote locations, making it expensive to commercialise.
- China is seeking to develop its shale resources to decrease its dependence on foreign natural gas sources.