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    The Economist: Global Reserves - A World of Plenty

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Summary

Shale gas, tight gas, coal bed methane and other unconventional sources of energy are increasingly being found in abundance outside of the U.S. Reserves are growing steadily in Canada, Mexico, Australia, South Africa and throughout Europe. However, it is likely to be a decade or more before unconventionals have much of an effect on global gas markets and pricing systems outside America.

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The Economist: Global Reserves - A World of Plenty

EXACTLY HOW MUCH unconventional gas lurks outside America is a matter for conjecture, but the list of countries with potentially large reserves grows steadily. Canada and Mexico are known to have lots. Australia already produces coal-bed methane and has plenty of shale and tight gas too. South Africa also has big deposits, though a fracking moratorium was announced last year. Argentina and India could join the shale club, and so could countries that already export conventional gas, such as Algeria and Libya. Even Russia and Saudi Arabia, the largest conventional oil producers, have the stuff.  MORE

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