"Hydraulic fracturing (fracking) requires up to 25m litres of fresh water per well, meaning shale resources can be hard to develop where fresh water is hard to find - including in some of the world's fastest-growing economies and populations," the WRI said.
The global shale gas market is expected to reach revenues of $104.1bn by 2020 as the hydraulic fracturing (fracking) boom and new horizontal drilling techniques have almost doubled the efficiency of shale gas extraction, Allied Market Research (AMR) has said.
In its new market report titled ' Global shale gas market (technology, application and geography) - Industry analysis, trends, share, opportunities and forecast 2013-2020 ', AMR said that shale volume consumption is also expected to reach 19,619.4bn cubic feet (bcf) at this time.
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