- In December 2023, the U.K. government introduced new initiatives to boost shale gas development by establishing a Shale Environmental Regulator and a Planning Brokerage Service. These measures are designed to streamline the approval process for shale gas projects, improve regulatory coordination, and accelerate project timelines, potentially enhancing domestic energy production and reducing reliance on imports
- In August 2023, Falcon Oil & Gas, in partnership with Tamboran Resources, reported a significant dry gas discovery at the Shenandoah South 1H (SS1H) well in Australia’s Beetaloo sub-basin. This development signals strong shale gas potential in the region and is expected to drive further exploration and investment in Australia’s unconventional gas sector
- In October 2022, Sinopec announced a major shale gas find in the Sichuan basin in southwest China. With plans to reach a production target of 100 billion cubic meters annually, the discovery is likely to bolster China’s domestic gas supply, reduce energy imports, and support the nation’s cleaner energy transition strategy
