Australia Has Big Shale Gas Advantage, Texas-Based Investor Says

Australia’s vast shale gas resources give the nation an edge in the global energy sector, especially at a time when the Iran war is constraining supplies across the world, according to Texas-based investor Bryan Sheffield.

The Middle East conflict, which has disrupted gas supplies and lifted prices, is pushing buyers to “refocus” on alternative providers like Australia, said Sheffield, managing partner at Formentera Partners LP, which is helping develop wells in the country’s Northern Territory.

“They’re not going to want to rely on the products coming out of the Gulf,” he told Bloomberg at the Australian Energy Producers ...