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

Author

Listed:
  • 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])

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.

Suggested Citation

  • Minh-Thong Le, 2018. "An assessment of the potential for the development of the shale gas industry in countries outside of North America," Post-Print hal-01707908, HAL.
    • Handle: RePEc:hal:journl:hal-01707908
    DOI: 10.1016/j.heliyon.2018.e00516
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    Citations

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    Cited by:

    1. Zhifeng Luo & Lin Wu & Liqiang Zhao & Nanlin Zhang & Weihua Chen & Chong Liang, 2021. "Numerical study on filtration law of supercritical carbon dioxide fracturing in shale gas reservoirs," Greenhouse Gases: Science and Technology, Blackwell Publishing, vol. 11(5), pages 871-886, October.
    2. Solarin, Sakiru Adebola & Bello, Mufutau Opeyemi, 2020. "The impact of shale gas development on the U.S economy: Evidence from a quantile autoregressive distributed lag model," Energy, Elsevier, vol. 205(C).
    3. Wang, Qiang & Zhan, Lina, 2019. "Assessing the sustainability of the shale gas industry by combining DPSIRM model and RAGA-PP techniques: An empirical analysis of Sichuan and Chongqing, China," Energy, Elsevier, vol. 176(C), pages 353-364.
    4. Solarin, Sakiru Adebola & Gil-Alana, Luis A. & Lafuente, Carmen, 2020. "An investigation of long range reliance on shale oil and shale gas production in the U.S. market," Energy, Elsevier, vol. 195(C).
    5. Minh Thong Le & Thanh Thuy Nguyen & Van Hiep Tran & Thi Kim Ngan Nguyen & Huu Tung Do, 2019. "Can Natural Gas Play an Important Role in the Energy Transition in Asia in the Future?," Eurasian Journal of Business and Management, Eurasian Publications, vol. 7(4), pages 28-36.
    6. Acquah-Andoh, Elijah & Putra, Herdi A. & Ifelebuegu, Augustine O. & Owusu, Andrews, 2019. "Coalbed methane development in Indonesia: Design and economic analysis of upstream petroleum fiscal policy," Energy Policy, Elsevier, vol. 131(C), pages 155-167.
    7. Eleftherios Thalassinos & Marta Kadłubek & Le Minh Thong & Tran Van Hiep & Erginbay Ugurlu, 2022. "Managerial Issues Regarding the Role of Natural Gas in the Transition of Energy and the Impact of Natural Gas Consumption on the GDP of Selected Countries," Resources, MDPI, vol. 11(5), pages 1-22, April.
    8. Acquah-Andoh, Elijah & Ike, Onyekachi & Ifelebuegu, Augustine O. & Owusu, Andrews, 2020. "The fiscal regime for UK shale gas: Analysing the impacts of pad allowance on shale gas investments," Energy Policy, Elsevier, vol. 146(C).

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    Keywords

    Shale gas;

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