Those looking a bit closer might see that having a reserve is almost meaningless. All the shale in the US would have come to nothing without the spit, the stamina, and the sheer guts of those shale entrepreneurs. But wait, there is more. Landowners being able to exploit subsoil reserves for their benefit helps a lot. Where in the world do you have that? having the market practically on top helps a lot too. A vibrant industrial and O&G sector helps too and not having a state O&G player is priceless. Thats pretty unique in the US. Thats why shale is hard anywhere else.
The nation that was once a gas exporter and aspired to become a shale powerhouse will struggle to compete with other avid LNG buyers in the wake of Russia's invasion of Ukraine.