Other News: 3 Foreign Companies Invest in U.S. Project to Export Liquid Gas
IEA: Natural Gas Must Meet 'Golden Rules'
The concerns of local communities are legitimate, said IEA Chief Economist Fatih Birol, the report’s chief author.
“If this new industry is to prosper, it needs to earn and maintain its social license to operate,” Birol said. “This comes with a financial cost, but in our estimation the additional costs are likely to be limited.” The report placed those costs at seven percent.
In a statement the IEA outlined its recommendations: "full transparency, measuring and monitoring of environmental impacts and engagement with local communities; careful choice of drilling sites and measures to prevent any leaks from wells into nearby aquifers; rigorous assessment and monitoring of water requirements and of waste water; measures to target zero venting and minimal flaring of gas; and improved project planning and regulatory control."
Birol also said the low price levels of natural gas in the United States are not sustainable, and suggested in the next several years the price could rise to $5.4 per million British Thermal Units in order to provide incentives for investment.
Recent News about shale natural gas
Below are any various articles and links on shale natural gas in our archives. The results start with our original content.
GlobalResourcesNews stories on the search term: shale natural gas
News from our recommended news reading list
Digging into the practice of fracking
The Uncertain Future of American Shale Gas
Examining America's Natural Gas Supply
Links for the search term: shale natural gas
Forbes Columnist forecasts $8 Natural Gas
Describes below-average injections into storage during the spring and summer of 2012.