What prospects for shale gas in Asia? Case of shale gas in China

Abstract

The issues of energy and the environment are one of the main challenges for humanity today. Global growth in energy demand is facing environmental concerns, especially in fast-growing regions such as Asia. Transferring traditional energy sources such as coal, oil, to cleaner energy sources and renewables is an inevitable trend in the future. With good characteristics compared to other fossil fuels, natural gas can play an essential role in the energy transition process towards a low-carbon economy. The success of the shale gas revolution in the USA has created a lot of interest globally, especially in countries with potential for these resources. Asia, especially China, is estimated to have the world's largest shale gas resource. However, the question about the development of these resources is still a big question. This article will evaluate shale gas development prospects in Asia, particularly in China, by analysing the fundamental conditions that are important factors for the success of shale gas in the USA.