First gas from Australia’s Beetaloo shale basin is scheduled to start flowing next month, with initial production of 37 million cu m, Reuters has reported, noting hopes that the country could replicate the U.S. shale gas success story. The Beetaloo basin is located in the Northern Territory and is estimated to hold some 500 trillion cu ft of gas. It has been compared to the giant Marcellus shale play in the United States. The government of the Northern Territory is hoping that Beetaloo will turn it into another LNG production hub. Development…

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