Please use this identifier to cite or link to this item: http://buratest.brunel.ac.uk/handle/2438/11954
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dc.contributor.authorDe Silva, PNK-
dc.contributor.authorSimons, SJR-
dc.contributor.authorStevens, P-
dc.date.accessioned2016-01-28T14:40:50Z-
dc.date.available2016-01-
dc.date.available2016-01-28T14:40:50Z-
dc.date.issued2016-
dc.identifier.citationEnergy Policy, 88, pp. 639 - 651, (2016)en_US
dc.identifier.issnC-
dc.identifier.issnC-
dc.identifier.issn0301-4215-
dc.identifier.urihttp://www.sciencedirect.com/science/article/pii/S0301421515300938-
dc.identifier.urihttp://bura.brunel.ac.uk/handle/2438/11954-
dc.description.abstractIn the US, the shale gas revolution ensured that the development costs of unconventional natural gas plummeted to the levels of $2–3/Mcf. This success has motivated the development of shale gas in other regions, including Australia and Europe. This study, focussing primarily on aspects of economic impact analysis, estimates the development costs of shale gas extraction in both Australia and Europe, based on both direct and fiscal costs, and also suggests policy initiatives. The increasing liquefied natural gas (LNG) developments in Australia are already straining domestic gas supplies. Hence, the development of more natural gas resources has been given a high priority. However, a majority of the Australian shale resources is non-marine in origin and significantly different to the marine-type shales in the US. In addition, the challenges of high development costs and the lack of infrastructure, service capacity and effective government policy are inhibiting shale gas development. Increasing the attractiveness of low risk investment by new, local, developers is critical for Australian shale gas success, which will simultaneously increase domestic gas security. In the European context, unconventional gas development will be challenged by direct, rather than fiscal costs. High direct costs will translate into average overall gas development costs over $13/Mcf, which is well over the existing market price.en_US
dc.format.extent639 - 651-
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.subjectUnconventionalgasen_US
dc.subjectDevelopment costsen_US
dc.subjectShale gasen_US
dc.subjectLNGen_US
dc.titleEconomic impact analysis of natural gas development and the policy implicationsen_US
dc.typeArticleen_US
dc.identifier.doihttp://dx.doi.org/10.1016/j.enpol.2015.09.006-
dc.relation.isPartOfEnergy Policy-
pubs.notespublisher: Elsevier articletitle: Economic impact analysis of natural gas development and the policy implications journaltitle: Energy Policy articlelink: http://dx.doi.org/10.1016/j.enpol.2015.09.006 content_type: article copyright: Copyright © 2015 Elsevier Ltd. All rights reserved.-
pubs.notespublisher: Elsevier articletitle: Economic impact analysis of natural gas development and the policy implications journaltitle: Energy Policy articlelink: http://dx.doi.org/10.1016/j.enpol.2015.09.006 content_type: article copyright: Copyright © 2015 Elsevier Ltd. All rights reserved.-
pubs.publication-statusPublished-
pubs.publication-statusPublished-
pubs.volume88-
Appears in Collections:Institute for the Environment

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