Unconventional gas fuelling the future
The huge potential of uncoventional gas will reshape the global gas industry
By NJ Watson
Unconventional gas is set to reshape the global gas industry, making long-term supply and price forecasts difficult, keynote speakers told the WGC yesterday.
The magnitude of the world's estimated 900 trillion cubic metres of unconventional gas "changes any long-term view on the industry", Antonio Brufau, executive chairman of Spain's Repsol, said here yesterday.
And, speaking at Tuesday's WGC luncheon, StatoilHydro's Rune Bjornson, executive vice-president of natural gas, said advances in the unconventional-gas business were tantamount to a "revolution" – and one poorly understood outside the industry.
The US Energy Information Administration forecasts that unconventional s
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