US Funding Aims to Unlock Australia Shale
Developers in Australia are utilizing US equipment and expertise to develop the Beetaloo shale gas basin. The project requires significant cost reductions and infrastructure to supply Asian LNG markets.
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Developers of Australia's Beetaloo Basin are deploying United States equipment, capital, and expertise to cut costs by as much as 60% and make the country's inaugural shale gas project commercially viable. The shale formation delivered its initial Natural Gas production this month, drawing comparisons to the prolific Marcellus shale. Success in the remote Northern Territory could establish a fresh LNG supply channel for Asian markets.
