January 2011

Trends and Resources

HP Impact: Growth in shale gas production to play role in shaping demand for Middle East LNG

Investment in the development of shale gas in the US and Europe could present Middle East markets with a reduction in demand according to Euro-Petroleum Consultants’ (EPC) President Colin Chapman..

Thinnes, Billy, Hydrocarbon Processing Staff

Investment in the development of shale gas in the US and Europe could present Middle East markets with a reduction in demand according to Euro-Petroleum Consultants’ (EPC) President Colin Chapman.“Over the last several years, technologies for extracting unconventional natural gas from shale formations have been implemented with greater precisions resulting in lower costs,” said Mr. Chapman. “So much so that costs for these types of gas projects have been, in some cases, lower than those of more conventional projects.”In Europe, shale and other unconventional gas resources have been identified in France, Germany, Hungary, Italy, The Netherlands, Poland, Romania, Spain

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