The document summarizes key points from a speaker at the International Petrochemical Conference regarding challenges to replicating the success of US shale development globally. Specifically: - The speaker noted that the highly developed US upstream energy industry and infrastructure that has made shale development profitable there does not exist in most other parts of the world, raising costs. - Examples given were that well costs in Poland would be 2.5-3 times higher than in the US Haynesville Shale, and only 2 wells capable of horizontal drilling exist in Australia currently. - While Australia and Argentina were seen as having the highest shale potential outside the US in the short term, costs were still estimated to be around twice as high and political risk