Tuesday, 29 May 2012

INTERVIEW-World to gain from gas glut if regulation right - Yahoo! News Maktoob

A boom in unconventional natural gas over the next 20 years could see the United States and others benefit from cheaper energy while the importance of the Middle East declines, the International Energy Agency (IEA) said
on Tuesday.
Growth in shale and other newly available forms of natural gas in the United States and China could match gains made in conventional gas in Russia, the Middle East and North Africa combined, IEA Chief Economist Fatih Birol told Reuters in an interview.
"Unconventional gas will fracture the status quo, and will be a complete game changer with major geopolitical
implications," Birol said.

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