Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.


Term of the day

shale gas

Shale gas is natural gas trapped within shale rock formations underground. Advances in hydraulic fracturing or "fracking" – the process of forcing fluids at high pressure into wellbores to fracture the shale rock, allowing the gas to escape – encouraged an investment boom in north America.

That led to a big increase in production which brought US gas prices to a 10 year low in April 2012. The price of gas in North America remains far lower than in Europe or Asia.

FT explains more on shale gas