As Pennsylvania becomes central to an international tight gas boom, the world is watching…
Unless you’re living under a rock, you’ve certainly heard about hydraulic fracturing to extract natural gas from shale. The Marcellus and Utica shales, largely located in Pennsylvania, may very well be the second largest shale gas reserves in the world.
According to the US Energy Information Administration, China has the most “technically recoverable” unconventional gas, with 36.1 trillion cubic metres. Argentina comes in third with an estimated 21.9 trillion. South Africa, Australia, Canada and Poland all have serious shale gas deposits, too. [Source: The Economist, August 6, 2011] (more…)
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