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Global Shale Gas Market by Technology, Geography, Applications, Regulations Market Trends & Forecasts 2016 Shale gas is natural gas produced from shale. Shale gas has become an increasingly important source of natural gas in the United States over the past decade, and interest has spread to potential gas shale basins in Canada, Europe, Asia, and Australia. Although shale gas has been produced for more than 100 years in the Appalachian Basin and the Illinois Basin of the United States, the wells were often marginally economical.