Shale Gas impacting traditional gas players

An article in the Financial Times details how traditional participants in the world gas marketplace such as Turkmenistan, risk being left behind by the emergence of shale gas.

Technological advances such as hydraulic fracturing or 'fracing', are making it easier to recover gas out of the ground, placing shale gas as potential game changer on world energy markets.

The emergence of shale gas in the United States and potentially in many European nations is great news for those domestic markets, but bad news for traditional gas players who risk being left behind.

Led by Gurbanguly Berdymukhammedov,  Turkmenistan has played hard to get in the past with foreign gas buyers. But the nation, which sits on vast conventional gas reserves in the remote deserts of central Asia, is already facing fallling gas revenues.

The accessibility of shale gas within continental borders promises to end consumers’ dependence on remote or difficult sources of gas supply. These rising prospects for global shale production could turn Turkmenistan's previously rosy situation, on it's backside.

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