... ShanghaiDaily). Interestingly, even with spectacular growth rates of shale production in the USA, its has had relatively small indirect impact on global prices - as many anticipated... ... prices explode by 77% since January 2011, with a total of 7% of GDP going to import of energy (See: CNBC). Japan’s interest in US exports has soared, but so far there... ... few opportunities as out of the 17 projects that have applied for a permit to export LNG to countries "without a free-trade agreement with the US", only one (Cheniere...
... billion cubic meters. Currently, 16 US states have shale operations. As a result, US natural gas imports fell by 45% whereas 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,... ... 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 ...
... the Fukushima Disaster. It will have a serious impact on the already tentative Japanese economy, especially as it has no own energy reserves, making it a premium market for all exporters.
- Shale Gas Revolution:
The US ‘shale gas revolution’ ... ... 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 2000’s) into shale gas export stations; ...
... Gas Dialogue: Russian Gas in the European Market» Joint International Forum held at IMEMO RAN conference hall on 7th December 2012; moderated by Ivanova N. I., RAN Academic and Associate Director of IMEMO RAN, and Eric Dam, General Director of Energy Delta Institute.
Optimism Remains Thin in the Air:
As the world continues to scuffle against the most severe economic crisis, optimism remains thin in the air, conceivably as uncertainty is easier to sell. The IMEMO RAN forum was no different,...
