Conventional wisdom is usually right - but nothing beats an unconventional idea whose time has come.
The Algerian oil minister Youcef Yousfi, speaking at the high profile CERAWeek energy conference in Houston last Wednesday, gave the first hints of a revolution in the region's gas industry. But unless policymakers can adapt, this opportunity will be missed.
Mr Yousfi estimated Algeria has a resource of 1,000 trillion cubic feet locked in shale rocks, six times its conventional reserves and of a similar size to Qatar's North Field, the world's largest gas accumulation.
No comments:
Post a Comment