Growth in LNG Imports Will Hinder The Development of the US Gas Shale Sector

PR Log (Press Release) – Nov 26, 2009 – Various clean energy policy initiatives have been making the US more dependent on natural gas. Apart from pipelined natural gas, LNG and gas shales are also emerging as major gas sources for the US. While LNG as an industry has been growing since the late 1960s, the gas shale sector has also gained significance since the late 1990s due to increasing gas demand in the US and technological developments to extract non-conventional natural gas. It is estimated that the US gas shale reserves are around 1,836 trillion cubic feet and if adequately exploited can help the country to be self-sufficient in natural gas. However, investments in the gas shale sector depends on gas price in the US, which in turn depends on domestic gas production and gas imports through pipelines from Canada and LNG imports across the globe. Increased gas supply for any or all these factors may lead to a decline in investment in the gas shale sector, an important source to meet the rising natural gas demand in the US.

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