The High Economic Potential (and Challenges) of Shale Gas in Europe
and Africa
-- Frost & Sullivan's researchers discuss the shale
industry in a web conference that will take place on Tuesday, 15
January
LONDON, Jan. 8, 2013 /PRNewswire/ -- Shale gas production
shows great promise in power generation capacity and is likely to
shift natural gas trading patterns. As the production increases, it
is expected that shale will become the preferred feedstock for
chemical manufacturing in the future, with high economic potential
in Europe and Africa.
These evolving shale gas markets will be discussed in Frost
& Sullivan's web conference, taking place on Tuesday,
15 January, 2013 at 2 pm GMT. Industry Analyst, Dominic
Goncalves, and Consulting Analyst, Michael Mbogoro,
will lead a teleconference describing the market size and
value and its various components within Europe and South
Africa. Additionally, the web seminar will look at the
environmental and regulatory challenges faced from both a
manufacturing and energy point of view.
"The shale gas dilemma has become a contentious debate in
South Africa, fraught with
emotions and tension between industry and environmentalists, with
public perception caught in the middle," says Goncalves.
"Unfortunately, vested interest by both extremes of the argument
has caused many facts to be taken out of context. Potential
economic benefits are large, if the gas can be extracted at an
affordable price."
However, the extraction process is associated with environmental
issues, such as potential water contamination and has attracted a
fierce backlash with calls for strict regulations governing
production.
If Europe addresses these
issues, the development of shale resources would decrease the
region's dependence on supplies from Russia and the Middle East. The production value chain is
dominated by major oil and gas players, energy service companies as
well as chemical and water treatment companies.
"While natural gas currently holds a significant share of the
energy market, newly discovered shale gas reserves around the globe
are likely to promote consumption of gas as both an energy source
and an affordable feedstock for a wide variety of chemicals and
materials," says Mbogoro. "The role of renewable energy sources
globally could be challenged by the increasing importance and
position of shale gas in the energy mix, especially in China and Europe."
While Europe has significant
shale gas reserves, the development of these resources is nascent,
due to strict regulatory framework. Yet energy independence and the
political clout that comes with it, in addition to a burgeoning
domestic industry fuelled by cheap energy, is a compelling case for
the development of shale resources.
To participate in this complimentary briefing, please e-mail
Chiara Carella, at
chiara.carella@frost.com, with your full name, company name,
telephone number, company website, city, and country, and a
registration link will be e-mailed to you. You may also register to
receive a recorded version of the briefing at anytime by submitting
the aforementioned contact details.
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Corporate Communications – Europe
P: +44 (0) 20 7343 8314
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E: chiara.carella@frost.com
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