More countries are expected to follow the U.S. in pursuing shale natural gas development following the discovery of effective techniques and new technologies to tap gas reserves, writes Robin Mills, chief of consulting at Manaar Energy. While several countries fail in crafting policies for shale developers, "perhaps next to crack the code will be Australia, Colombia or the UK -- or even a gas-short country in the Arabian Gulf, such as Saudi Arabia," Mills writes. "Instead of a mantra of 'shale won't work here,' and gloomy European declinism, the challenge for politicians and businesspeople should be: how do we make shale work in our country?"

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