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Shale gas is natural gas deposited in shale formation that is currently produced only in a handful of countries throughout the world,including the United States.The newly developed natural gas is often referred to as a game changer for its relatively cheap price,but the United States continues to strictly regulate its development,let alone its exports.
South Korea,the world's second-largest net importer of natural gas,seeks to expand its purchase of shale gas to 20 percent of its total imports by 2020.
In a joint statement dated May 7,Minister Yoon and Secretary Poneman said they noted the "important role that shale gas can play in promoting energy security and reducing greenhouse gas emissions."
Shale gas is natural gas deposited in shale formation that is currently produced only in a handful of countries throughout the world,including the United States.The newly developed natural gas is often referred to as a game changer for its relatively cheap price,but the United States continues to strictly regulate its development,let alone its exports.
South Korea,the world's second-largest net importer of natural gas,seeks to expand its purchase of shale gas to 20 percent of its total imports by 2020.
In a joint statement dated May 7,Minister Yoon and Secretary Poneman said they noted the "important role that shale gas can play in promoting energy security and reducing greenhouse gas emissions."
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