As per KuicK Research’s Australia Shale Gas Market Analysis research report findings, Australia is looking to build its shale gas reserves rapidly to gain a better foothold in the world shale gas market and also to increase its natural gas exports.
According to KuicK, Australia’s biggest market is the ever energy-hungry Asia. As Asian nations are slowly moving towards becoming gas-based economies, Australian gas is finding more buyers and better markets, the company says.
KuicK Research also believes that this is the right time for Australia to tap the market and flood it with its own gas produce.
“The Australian shale gas development is in its embryonic stage. Companies are just getting hold of acreages and more are coming in for purchasing of blocks and partnering with the existing block owners. The Government is yet to make policies and regulations for the sale of shale gas blocks and their development,” says the research company.