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Economic impact analysis of natural gas development and the policy implications

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  • De Silva, P.N.K.
  • Simons, S.J.R.
  • Stevens, P.

Abstract

In the US, the shale gas revolution ensured that the development costs of unconventional natural gas plummeted to the levels of $2–3/Mcf. This success has motivated the development of shale gas in other regions, including Australia and Europe. This study, focussing primarily on aspects of economic impact analysis, estimates the development costs of shale gas extraction in both Australia and Europe, based on both direct and fiscal costs, and also suggests policy initiatives.

Suggested Citation

  • De Silva, P.N.K. & Simons, S.J.R. & Stevens, P., 2016. "Economic impact analysis of natural gas development and the policy implications," Energy Policy, Elsevier, vol. 88(C), pages 639-651.
    • Handle: RePEc:eee:enepol:v:88:y:2016:i:c:p:639-651
    DOI: 10.1016/j.enpol.2015.09.006
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