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Can Shale Gas Be the Alternative? — The New Energy Trends in the U.S. and Europe and Their Implications for Asia

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The shale gas revolution, which is based on huge shale gas reserves and the continuing and cumulative advance of technologies and experience, is by now a familiar feature of the U.S. energy sector. In Europe, a number of countries — notably Poland — have shown signs of an active commitment to the development of shale gas and its related industries. U.S. and Europe have been one step ahead of shale gas development based on technological advances and active exploitation and production of shale gas. On the other hand, as latecomers of shale gas development, Asian countries have focused on financial investment and technological advancement as their main strategy for shale gas development. This study analyzes that environmental issues from extraction of shale gas are main controversies in Asian countries.

Abstract

The shale gas revolution, which is based on huge shale gas reserves and the continuing and cumulative advance of technologies and experience, is by now a familiar feature of the U.S. energy sector. In Europe, a number of countries — notably Poland — have shown signs of an active commitment to the development of shale gas and its related industries. U.S. and Europe have been one step ahead of shale gas development based on technological advances and active exploitation and production of shale gas. On the other hand, as latecomers of shale gas development, Asian countries have focused on financial investment and technological advancement as their main strategy for shale gas development. This study analyzes that environmental issues from extraction of shale gas are main controversies in Asian countries.

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