follow us like us subscribe contact us
Adbar

Where to Find Shale Gas in MENA: Our Top 4 Venues

By Editorial Dept | Fri, 05 April 2013 18:27 | 0

While these Middle East/North Africa venues are global oil giants and net oil exporters, demand for natural gas here is growing faster than supply. Combined with the natural gas boom in the US and new technology to unlock gas trapped in shale, this has spurred exploration in MENA. And it makes sense: this tight and shale gas occurs in rock formations that are likely the source rocks of conventional oil and gas, which the region has plenty of. Despite the commercial challenges and in some cases water shortages for hydraulic fracturing, some MENA countries are pursuing shale full-on.

The potential is definitely there: Across the region there is an estimated almost 1,500 trillion cubic feet of natural gas. Much of this is tight and shale gas, and the race is on now to determine the potential.

Here are our top venue picks in order of potential:

Algeria

Algerian officials believe they’re sitting on shale gas reserves that rival the US’. The country’s state-own energy company, Sonatrach, has signed a cooperation agreement with Italy’s Eni SpA to develop unconventional gas resources, with a focus on shale. The partnership deal also includes Talisman (Canada), Shell and Anadarko.

As we’ve noted before, Algeria is focusing so strongly on shale that its latest legislation targets this sector specifically, attempting to lure foreign partners to these plays with more favorable terms.

Algeria has an estimated 2 trillion…

To read the rest of this article Start a FREE subscription to our premium publication

Oil & Energy Insider - 30 day Free trial

30 day Free trial
A FREE Subscription Includes:
  • Investment advice normally reserved for hedge fund clients.
  • Market & sector research not available anywhere else.
  • Strategic advice from corporate & military intelligence analysts.
  • 9 Weekly Investment / intelligence reports.
  • Full access to all previous reports.
  • 30 days free trial.
Get FREE access to our research for 30 days

An essential resource for all investors in the energy sector whether you're a trader, fund manager or individual investor - this inside look at the energy markets is unlike any other report or service currently available.

About the author

More recent articles by Editorial Dept

Fri 11 April 2014
Don’t Panic…Buy BP Instead
Fri 11 April 2014
U.S. Will Export Oil – Who Wins and Who Loses?
Fri 11 April 2014
Global Energy Advisory - 11th April 2014
Fri 11 April 2014
The 3 Most Important Numbers in Energy – 11th April 2014
Mon 07 April 2014
The 3 Most Important Numbers in Energy