Australia Has Big Shale Gas Advantage, Texas-Based Investor Says

Australia's vast untapped shale gas reserves could provide it with a significant economic advantage over other countries in Asia that are heavily dependent on imported natural gas, according to a prominent Texas-based investor. Speaking at an industry conference in Sydney last week, the unnamed investor, who is part of a group that has invested billions into fracking projects in the United States and Canada, said Australia's geology was similar enough to those regions that it could be a "natural home" for shale gas exploration and production. "We have seen over the years the success of uncon…