The shale gas phenomenon
Roland Berger Strategy Consultants presents a new issue of the think: act CONTENT series, entitled Shale gas phenomenon, which contains insight and data that can bring clarity to US-based companies regarding the advantages of the abundant resource within the country. "There is an opportunity to bring back production to our region and generate jobs by doing this," said Jonathon Wright, Partner at Roland Berger Strategy Consultants.
According to the US Energy Information Administration (EIA), the United States has shale gas reserves of 862 trillion cubic feet (tcf) – plus the world's largest network of natural gas pipelines situated in US territory. This 300,000-mile network can be leveraged to benefit several industries, notably utility companies and manufacturers, which use 28% and 18% of current shale gas resources respectively. "This means that everyone developing shale gas – from small players like Hunt Oil Corporation to major producers such as Shell and Exxon – can get their gas to market. Among the countries that have significant shale reserves, only the US and Canada have 'open access' to pipelines," Wright explains.