MarketReportsOnline.com adds “Australia Shale Gas Industry Analysis” report to its research store. One of the world’s largest natural gas exporters has found a new resource to boost up its profile. While the conventional natural gas reserves seem to be never ending in Australia, it has started tapping its unconventional resources. http://www.marketreportsonline.com/325031.html.
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Australia Shale Gas Industry Analysis
One of the world’s largest natural gas exporters has found a new resource to boost up its
profile. While the conventional natural gas reserves seem to be never ending in Australia,
it has started tapping its unconventional resources. Australia is sitting on nearly 6% of the
world’s shale gas reserves, i.e. 437 Trillion Cubic Feet. These are in addition to its already
proven natural gas and oil reserves that make it one of the few distinguished energy rich
nations. These shale gas reserves, though found a little late, have the proper Total Organic
Content and the perfect environment of the depth of gas burial and requisite amount of
temperature for its maturation.
Australia has a geological edge over other nations with shale gas reserves, the presence of
source rocks which is evident by its huge conventional natural gas reserves. Australia has
large natural gas reserves and even though it has been exploiting them for decades, they
have not disappointed the world. Source rocks are rocks where the oil and gas mature or
are ‘cooked’. The organic matter is buried in between the sediments deposited over
hundreds of thousands of years on which temperature and pressure have acted to change
that organic matter into kerogen, an intermediate product in the process of oil and gas
formation. These kerogen deposits, with more time and action, are converted into liquid
and gaseous state we call oil and gas, which is called ‘cooking’. When oil and gas is found
in shale rocks, it is called shale oil or gas.
2. Complete Report @ http://www.marketreportsonline.com/325031.html
Australia Shale Gas Industry Analysis
The exploration of shale gas has just started in Australia and the future, according to the
estimated reserves, looks bright. 437 Trillion Cubic Feet of recoverable reserves will not be
developed in a jiffy and will take a long time before any commercial production can start.
The Australian government is looking to develop these reserves rapidly and has already
started giving away the blocks. A lot of domestic companies have bought licenses from the
government to develop shale gas blocks and many more are joining the bandwagon. The
foreign companies, with their technological expertise, are also developing these blocks in
partnership with the domestic firms. There are many challenges to be faced along the
road but none that can’t be overcome.
“Australia Shale Gas Industry Analysis” Report Highlights:
• Shale Gas Industry Overview
• Shale Gas Reserve Analysis by Basins
• Shale Gas Exploration & Production Opportunities
• Shale Gas Development Regulatory Framework
• Technologies For Shale Gas Exploration
3. Australia Shale Gas Industry Analysis
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