LONDON, Jul 09, 2012 (BUSINESS WIRE) -- Australia is one of the few countries with natural gas supply exceeding its demand. It already has vast reserves of natural gas, coal seam gas and has found yet another source, shale gas. Australian shale gas reserves are estimated at 396 trillion cubic feet. With the shale gas find, the country is all set to overtake Qatar to become the largest LNG exporter in the foreseeable future. Australia will tap this new found gas source to expand its market presence in the Asia-Pacific region and look for newer markets to exploit. The growing demand for natural gas in the developing nations has increased their dependency on the Australian supplies, which is a major boost for the country, hence, it will be developing its shale gas reserves as fast as possible to meet the surging requirements.
New market study "Australia Shale Gas Market Analysis" drawn up by Kuick Research gives a bird's eye view of the Australian shale gas market in its nascence.
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