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Main page > Products > Special reports > Shale Revolution: Myths and Realities
Shale Revolution: Myths and Realities
The boom in shale gas production in the US and its wide-ranging influence on markets rocked the gas world. Liquefied gas deliveries were redirected, altering the already fragile balance of demand and supply in traditional markets for pipeline gas in Europe.
The psychological effect proved just as strong. Many began to speak about a "shale revolution," a technological breakthrough, and an upcoming realignment of the global gas industry.
Major corporations began to look for opportunities to participate in this business. The governments of nations depending on the import of gas see in shale their salvation and freedom. Experts predict a decline of the "era of diktat" on the part of conventional natural gas exporters.
As is the case with every fashion trend, however, there is a great deal of emotion involved, and it is only in time that one begins to realise the potential lifespan of the trend and its objective limitations. Still, we will try look into this matter seriously and without making "hot-on-the-heels" conclusions.
The report elaborates on the following issues:
- Technological and commercial reasons for the growth of shale gas production in the USA
- The reality of the "export of revolution". Challenges and opportunities for the development of shale gas in the EU
- The prospects of shale gas in China
- The Russian experience in shale gas
- Forecast of production of shale gas and its impact on the global gas market
The contents of the report:
| Introduction | 2 |
| Background | 2 |
| Shale Rush | 3 |
| Global Reserves | 4 |
| Chapter 1. US Shale Boom | 5 |
| 1.1. Growth in Shale Gas Production in US | 5 |
| 1.2. Reserves: US Shale ‘G6’ | 6 |
| 1.2.1 Barnett Shale (Òåõàñ) | 7 |
| 1.2.2 Fayetteville Shale (Arkansas, Eastern Oklahoma)) | 9 |
| 1.2.3. Woodford (Oklahoma) | 10 |
| 1.2.4. Haynesville Shale (Louisiana, Eastern Texas) | 11 |
| 1.2.5. Marcellus (Northwest of US) | 12 |
| 1.2.6. Antrim Shale (Michigan) | 12 |
| 1.2.7. New Albany Shale (Illinois, Indiana, Northern Kentucky) | 13 |
| 1.3. Official, Corporate Forecasts of Sector Development | 13 |
| Chapter 2. United States Shale Boom Economics, Environmental Issues | 15 |
| 2.1. Gas Prices in US | 15 |
| 2.2. Economics of Shale Projects, Financial Position of Gas Companies | 18 |
| 2.3. Slow Reaction of Oil & Gas Corporations | 21 |
| 2.4. Environmental Issues of Shale Development | 24 |
| Chapter 3. Export of Shale Revolution to Europe, China: Realities and Myths | 26 |
| 3.1. EU Shale Reserves, Grounds for Shale Rush | 27 |
| 3.2. European Countries’ Shale Development Successes, Failures | 28 |
| 3.2.1. Poland | 28 |
| 3.2.2. Sweden | 29 |
| 3.2.3. UK, Netherlands | 30 |
| 3.2.4. Austria | 30 |
| 3.2.5. France | 30 |
| 3.2.6. Germany, Hungary | 31 |
| 3.2.7. Ukraine | 31 |
| 3.3. Stimuli, Limiters | 31 |
| 3.4. Chinese Gas Market | 33 |
| 3.5 Shales in China, Coal-bed Methane Production | 34 |
| Chapter 4. Shale Future: Is It Worth the Effort? | 37 |
| 4.1. Development Prospects for US Shale Gas Business | 37 |
| 4.2. What Dreams May Come: What ‘Shale Project’ in Europe Costs | 39 |
| 4.3. China Unconventional: Pricing Revision | 41 |
| 4.4. Shale Potential in Russia | 42 |
| Date of release: | June, 2010 |
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Other issues:
- Nord Stream 2 and Ukraine: Costs Should Decide
- Shale Revolution: Myths and Realities
- Liquefied Natural Gas Outlook: Expectations and Reality
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