Australia's Natural Gas Boom
Australia is going through a natural gas renaissance as numerous fields holding what is called tight gas are being developed. From an investment perspective, this is appealing for several reasons, including the fact that Australia is an excellent place in which to do business. Overall, Australia is a low risk environment with a business-friendly energy regulatory framework. These tight gas fields are predominantly located in Western Australia, New South Wales, and Queensland. Numerous global companies have already established a presence, and more are vying for acreage. According to the BP Statistical Review of World Energy June 2010, Australia's proven natural gas reserves are 108.7 trillion cubic feet (3.08 trillion ...
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