«Eastern Siberia Oil & Gas Conference»
... begin to lose market share – which has not changed in the last decade. The decision must be well calculated, yet quick, as USA has almost achieved independence from energy imports due to shale which could supply North America, Australian shale could supply Asia, Israel has off-shore shale potential, Middle East could make a stable return to supply Europe and if China gets the technological means it may mine its shale reserves which are the biggest in the world. Realistically, Russia cannot compete with shale prices as US trades at $70 per 1000 cubic meters, Australia at $120-$140 and Algeria and Qatar ...