US Offers Shale Help To China and India
After two days of talks with twenty nations from around the world, the United States offered to help major economies such as China and India develop shale gas.
US officials believe that developing shale gas would provide fast-growing energy sectors in these countries with a cleaner alternative to coal, according to AFP.
Aside from being an untapped natural resource that experts say could dominate the gas market by 2030, shale gas could also lead to energy independence for some.
“The main reasons for doing it are national security and climate security,” David Goldwyn, the State Department’s coordinator on international energy affairs, said of the conference. “For China and India, it’s both climate security and economic security, because they have large demand for resources and the market is volatile.”
The US has been leading the shale gas boom, becoming one of the first countries to access the unconventional gas. Last year, the United States overtook Russia for the first time in decades as the world’s top gas producer.
Over the past few months, China has reached out to shale experts in the US to learn about shale development, and India’s biggest private oil and gas company, Reliance Industries, has invested nearly 3.5 billion dollars in joint ventures for fields in the United States.
Short URL: http://naturalgasforamerica.com/?p=1150
Posted by 
