... dominate export wise. At 79 Bcf/d of gas output by 2035 Russia will a major player, but its production will predominantly be conventional as only 5% of it will come from shale.
In overall terms fossil fuels will account for 84% of Russian primary energy usage in 2035, down from 89% in 2012. From these 84% oil and gas will dominate, as despite sizeable coal reserves, Russia’s production of coal will remain relatively modest with only 6th largest production in the world. BP predicts quite a stable trend for ...
... LNG import decline by 19% since shale inception. Impressively, by 2015 the overall energy figure should increase to 43% and by 2035 to 60% – if correct, making US the leading gas producers in the whole world, although that is a very high target.
... ... reason for Shale Revolution occurring in the US, and arguably as many observers believe it will only be successful there, is USA’s relatively open and liberal market. Chesapeake Energy, which is now one of the leaders in shale gas production, was ...
... substantial net-importer of gas into almost a self-sustainable entity, with a net-equal position between its imports and exports. USA even had to convert its now useless LNG terminals (which it first built at a massive cost to assure gas supplies in early ... ... Currently, oil shale in its 2 years of mining is not as impressive as shale gas, but the latter had 5 years to get there. In all, by 2035 shale oil will likely to make the US also self-sustainable in oil. In all, the effects of the shale gas revolution have been ...
